Long Eaton-based JDP Furniture has entered administration.
The affairs, business and property of the company are being managed by Nathan Jones and John Lowe of FRP Advisory Trading Limited, who were appointed Joint Administrators on 2 April.
According to the firm’s latest annual report, for the period ended 29 September 2019, difficult trading conditions saw turnover decline from £43.2m to £37.6m. The group made an operating loss of £2m, compared to an operating loss of £3.5m in the period ended September 2018.
At the time of the report the company had 540 employees.