Furniture retailer Sofa Workshop, a subsidiary of the Halo Group, has ceased trading.
The group has appointed PWC's Tony Banfield, David Baxendale and Zelf Hussain to oversee the brand's administration.
Halo states: "Despite significant investment in product range, store environments and training, Sofa Workshop has made consistent losses, and its performance has remained significantly out of step with the rest of the group and its subsidiaries, which specialises in the design, production and distribution of luxury furniture. The Sofa Workshop business has been under review for the last six months, having been impacted by drastically rising freight costs and the ongoing implications of Covid-19, including its impact on UK high streets.
"Throughout Halo’s ownership of Sofa Workshop the company has been dedicated to supporting its staff, who were kept on throughout the Covid-19 pandemic and not placed on furlough. Staff salaries have been paid to the end of March 2022, and the group has committed to paying March commissions and pension contributions.
"All outstanding Sofa Workshop deliveries will be made, and Timothy Oulton – a Halo-owned company – will honour Sofa Workshop’s guarantee of workmanship for sofas sold."
Halo purchased Sofa Workshop from DFS for £0.3m in August 2020, an acquisition with comprised 20 UK stores and an online retail business.