UK furniture company enters administration after 8 years

Furneo is a family business offering “quality furniture at affordable prices”.

It operates a store in Buntingford and sells to customers across the UK through its website.

The company, incorporated in June 2018, had built a positive reputation with a 4.2-star rating from 149 reviews on Trustpilot.

Many customers praised its "excellent" products, service, and efficient delivery.

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Furneo falls into administration after 8 years

Despite favourable feedback, Furneo entered administration on July 27.

Deviesh Raikundalia of Hall Chadwick UK has been appointed as administrator, according to The Gazette.

Furneo’s website is now offline and displays a notice about the administration process.

The statement reads: "The affairs, business and property of the Company is being managed by the Administrator who act as agent for the Company without personal liability.

"Insolvency Practitioners are bound by the Insolvency Code of Ethics when carrying out all professional work relating to an insolvency appointment."

All enquiries are to be directed to Hall Chadwick UK.

What happens when a company goes into administration?

When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com.

Companies House adds: "When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.

"An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process."

A statutory moratorium is put in place once a company enters administration, giving it "breathing space" to allow for financial restructuring plans to be drawn up free from creditor enforcement actions.

A company can continue to trade while in administration, but daily management and control are handed over to the administrators.

Companies House continues: "Within 8 weeks it is the administrators’ role to formulate administration proposals.

"Creditors are then asked to vote by a decision procedure to approve the administrators’ proposals.

"If the administration involves a sale of all or part of the company’s business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority."

Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension.

Through administration, a company can be:

• Rescued and passed back to the directors
• Enter liquidation
• Be dissolved

Other major UK companies that have closed or entered administration/liquidation in 2026

It has been a tough year for the UK high street, with several other retailers entering administration or liquidation and others announcing widespread store closures.

Major high street brands LK Bennett, Claire's, and Quiz have been forced to close all their remaining stores after falling into administration.

UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation.

Whitbread recently confirmed it will be closing all its UK restaurants in September:

• Brewers Fayre (89 locations) - September 7
• Beefeater (106) - September 10
• Bar + Block - September 3
• Table Table - September 3
• Cookhouse + Pub - September 3

TG Jones and the British Heart Foundation will also both be closing around 150 stores across the UK.

Other retailers have been forced to close stores this year, including:

• River Island
• Primark
• Poundland
• Revolution
• BrewDog
• Franco Manca

The company responsible for iconic British bikemaker Raleigh, Accell Group, also filed for administration this week, putting the 139-year-old British bikemaker at risk of closing.

Several UK travel companies have also ceased trading or entered administration in 2026:

• Regen Central Ltd
• Gold Crest Holidays
• Asiara UK Ltd
• Simply Florida Travel Ltd
• Trav Expert Ltd
• Strachan Travel Ltd
• Travel Bespoke Ltd
• Groupia Ltd
• Global Vision International
• Ski Yodl Ltd
• TS Travels Group

Meanwhile, four UK airlines have fallen into administration or liquidation:

• Ascend Airways (liquidation)
• EcoJet Airlines (liquidation)
• Zenith Aviation Limited (administration)
• European Cargo (administration)

UK delivery company Yodel is set to be phased out after being acquired by InPost.

It's also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.

It hasn't all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.

Meanwhile, brands including Evans and Bodycare have returned to the UK high street this year after previously closing all their stores.

Which business/store closure in 2026 has impacted you the most? Let us know in the comments below.