Online furniture company Made.com is expected to enter administration on Monday after rescue talks failed. It comes days after the struggling firm indicated it could be forced towards insolvency if a buyer or new funding were not found.
Insolvency experts at PricewaterhouseCoopers (PwC) are expected to be formally appointed at a court hearing on Monday morning, the Guardian reports. The newspaper said the Made.com name was expected to be sold straight away, most likely to its high street rival Next.
It comes a week after the company revealed it had failed to secure a rescue deal and was set to appoint administrators. Up to 700 jobs are believed to be at risk.
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