Made.com stock to be auctioned off in bid to recover cash for creditors

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Made.com’s administrators have appointed auctioneers to help sell off its remaining stock.

MADE.COM_s-London-flagship-showroom-has-just-reopened-with-a-new-look-(Image-courtesy-of-MADE.COM)

Made.com was bought out of administration by Next in a £3.4m deal

The furniture retailer, which was rescued by retailer Next, is now set to sell off inventory including sofas and tables in order to recover funds for creditors.

Administrator PwC has appointed Norfolk-based auction house John Pye & Sons to handle several thousand items of homewares, furniture and accessories.

Sales are expected to begin at the end of November, in the hope of bringing in cash to settle its debts.

Made.com: What went wrong and where did the money go?

Around 12,000 orders are still outstanding, with around 4,500 said to be with carriers. Customers have been instructed to apply for a refund if they do not receive their order by November 25.

Made.com’s stock was previously thought to be heading to discounter TKMaxx.

The retailer’s intellectual property and domain name was purchased by high street stalwart Next in a £3.4m deal last week.