A furniture maker based on the Nottinghamshire-Derbyshire border, has gone into liquidation, leading to the redundancy of all 26 employees. The company, which operated from its Long Eaton factory, appointed liquidators Carolynn Best and Thomas Harris of Begbies Traynor on October 29, 2024, following a difficult year marked by financial struggles.
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Founded in 2018, the furniture maker, ANK Manufacturing specialised in custom-made sofas. However, despite efforts to increase trade, the company was unable to overcome rising costs and tough market conditions. As a result, the liquidators were brought in to manage the company's closure, and all staff were let go. Creditors have also been notified about the liquidation process.
The closure marks the end of the company's six-year operation, which was ultimately unable to navigate the challenging financial environment.
Source: www.derbytelegraph.co.uk