Auction house, John Pye & Sons Ltd, has been appointed by administrators of Made.com Design Limited to put stock on the market, in order to recover funds for creditors.
Due to difficult economic conditions, the high-value retailer, Made.com Design Limited appointed administrators from PricewaterhouseCoopers LLP (PwC) to manage its affairs, business and property on the 9th November 2022.
PwC has this week appointed John Pye Auctions to put the Made.com stock to the market, through its network of over 700,000 customers and 1,000,000 sq ft of sale space.
All of the UK stock from Made.com is included in the inventory, which comprises several thousands of upholstery, home furniture, outdoor and leisure, home accessories and lighting items.
Adam Pye, Managing Director at John Pye, said: “John Pye Auctions is deeply saddened by the nature of this case, having worked as close partners with Made.com Design Limited for over six years. We’ve formed relationships with many staff members. We wish all the very best to everyone negatively affected.
“As with any insolvency of a great British brand such as Made.com, there are always the tragedies of redundancies and loss. It is John Pye Auction’s role to realise the best we can for all creditors of the company. Thanks to our long-standing partnership with Made.com Design Limited, we have a customer base who are familiar with buying this type of stock, so we hope to be able to realise a positive return for creditors.”
