An on-line furnishings agency with shops in Sydney and Melbourne has gone into administration.
Administrator Richard Tucker mentioned the agency boomed on-line throughout COVID-19 lockdowns, tripling in measurement, however then fell into “cashflow” issues.
“The business faced challenges when sales declined after the COVID-19 restrictions were lifted,” Tucker, mentioned.
“This caused short-term cash flow pressures after a period of phenomenal growth.”
He mentioned he expects there can be ”strong interest” from consumers.
The directors advised 9.com.au it’s reviewing orders which were paid for to determine whether or not the inventory is accessible.
They additionally settle for duty for orders positioned from in the present day and can provide refunds if inventory is unavailable.
The firm says on its web site it was arrange as amid a “desire to change the furniture industry for the better,” and mentioned it aimed to promote “practical design-led furniture without an inflated price tag”.
