Posted 26th Nov 2018

Canburg files for administration due to economic uncertainty

By KBBDaily on 26th November 2018 - 13:05pm
money matters, canburg, administration, kbb, kbbdaily

Luxury furniture group Canburg Limited – owner of Smallbone of Devizes, Mark Wilkinson Furniture, and Brookmans – has fallen into administration, according to Sky News, due to economic uncertainty.

According to Sky News, the group has filed a notice of intention to appoint accountancy firm Grant Thornton as administrator. Sky News noted that sources have said Canburg has been “struggling for some time and had been exploring a potential sale in recent months”.

Venture capital firm Business Growth Fund is an investor in the business, having injected £8m into the group in September 2014.

Canburg recently appointed Ian Gray as its new executive chairman following the departure of CEO Leo Caplan. In September last year, Martin Gill left his role as chief operating officer after 18 months in the position.


Related articles

CRL Stone appoints new sales representative

Posted today - 15:42pm |

Ashton Reid will be responsible for northern and southern Ireland in her new role

New climate change report calls for ban on gas cookers

Posted today - 14:58pm |

The Committee on Climate Change has said that no new homes should be connected to the gas grid from 2025

‘Fresh concerns’ emerge over fire-risk tumble dryers

Posted today - 10:39am |

Consumer group Which? said it has heard from owners of modified dryers who claim their appliances are still unsafe

LDL becomes official L&S distributor in UK

Posted today - 08:00am |

The company will offer the Italian brand’s range of interior furniture lighting


in the spotlight

Big, bold & beautiful: the BLANCO BELFAST

popular articles

Iconic British kitchen makers come together for exclusive EKBB event

Bathroom Brands names Roger Cooper as chairman