Sofa Workshop teeters on the brink of administration

9th January | upholstery | Sofa Workshop is on the verge of collapse after it filed a notice of intention to appoint an administrator as a protective measure. The chain was bought by cabinet retailer New Heights in October 2006, but New Heights subsequently went into administration in May last year.

Recovery specialist Leonard Curtis could be appointed as administrator as early as today should rescue talks fail. In the year to 31 May 2008, Sofa Workshop reported a £2.7m pre-tax loss, after posting a loss of £3.3m in the 17 months to 31 May 2007.