Made.com Design Limited
Notice of intended dividend issued |
Amount | Final date for proving | Estimated date for dividend payment |
Date paid | |
| Preferential dividend | Yes | 100p in the £ | 15 January 2024 | 15 March 2024 | 28 February 2024 |
| Unsecured dividend* | No | 1.6p in the £ | TBC | TBC | TBC |
* For example: If your total unsecured claim value is £1,000, you would be paid approximately £16.00 (based on the current estimate).
On 8 November 2022, Rachael Wilkinson, Zelf Hussain and Peter Dickens of PwC were appointed as Joint Administrators of Made.com Design Ltd. The appointment has been made as the high-value retail sector continues to be exposed to the current testing economic conditions.
MADE.COM is a British e-commerce company based in London that designs and sells furniture and home accessories online. The business has 573 permanent employees, with warehouses in the UK and Belgium, alongside offices and showrooms in London, Europe and Vietnam.
On appointment, the Joint Administrators completed a sale of the brand, website and intellectual property of the Company to Next Retail Limited. This transaction represents the best option available to generate returns for creditors as a whole, under severely limited timescales.
However, the transaction does not include staff. Consequently this will sadly result in 320 redundancies across the business today. In addition 79 employees who had resigned and were working their notice have been released with immediate effect.
Close to 4500 customer orders in the UK, Austria, Germany and Switzerland which are already with carriers are being delivered. However, a large proportion of customer orders are still at origin in the Far East at various stages of production. Due to the impact of the business entering administration, these items cannot be completed and shipped to customers. In this case you will need to submit a claim in the administration, details about how to submit a claim are available in the creditor section above.
We are unable to provide details on the progress of specific orders. We expect all orders which have been released to be delivered to customers by 25 November 2022. If you have not received your order by that date, then unfortunately we have been unable to ship it to you and you should follow the guidance set out in the creditor section of this website.
Rachael Wilkinson, Zelf Hussain and Peter Dickens have been appointed as joint administrators of Made.com Design Limited to manage its affairs, business and property, and act without personal liability. All are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.
The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics
The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint Administrators.
