Employees at Swindon-based Optiplan Kitchens were told to go home last week by management as the company had fallen into administration and they no longer had jobs.
A statement to staff from company CEO Jason Limbert confirmed the closure of the business, citing challenges, such as the disruption and showroom closures as a result of the Covid-19 pandemic, ongoing material cost increases and high levels of inflation, as presenting them with no viable alternative.
Jimmy Saunders and Michael Lennon, both of financial solutions provider Kroll, were appointed joint administrators of the company, which employed 128 people, on 30th November, and a review of customer orders is now underway. With effect from the date of appointment, 111 employees were made redundant and the joint administrators are now looking for purchasers for the assets of the company.
The retailer, which has 13 showrooms across the UK, was acquired by bedroom furniture supplier Home Décor in 2016.