A UK-based bathroom retailer has entered creditors' voluntary liquidation (CVL). The company ceased trading on November 7, 2024, after failing to secure a buyer for its business and assets. All 50 employees of Mereway Bathrooms, were made redundant and are being assisted by FRP in filing claims with the Redundancy Payments Service. Notices sent to retail partners on November 7 informed them that no further orders could be placed.
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FRP cited challenging market conditions, including a sector-wide downturn, as the primary cause of the company's financial difficulties. These issues created cash flow challenges that ultimately forced the company to halt operations. Similar struggles have led to the recent insolvencies of competitors like International Decorative Surfaces and Aqualux Products, which were also handled by FRP.
Despite its shared name, Mereway Bathrooms operated independently of Mereway Kitchens. The kitchen division closed earlier after its acquisition by Sigma 3 Group in 2023 failed to stabilise its operations. Mereway Bathrooms had assured customers at the time that it was unaffected, but its eventual closure reflects the difficult trading environment across the industry.
Source: www.kbbreview.com