UK upholstery manufacturer Ashley Manor, and British-designed import business Alexander & James Sofas, both owned by TCM Living Group, have announced that they have entered administration through liquidation following an unsuccessful search for new ownership.
Ashley Manor operates as a UK-based manufacturer of upholstered furniture, while Alexander & James is TCM Living's import business, with British-designed sofas manufactured in Thailand and distributed to retailers across the UK and internationally.
TCM Corporation, the parent company of TCM Living Group, acquired Ashley Manor and Alexander & James as part of its expansion in the UK furniture sector. Ashley Manor has long been a significant employer in UK furniture manufacturing, while Alexander & James built a reputation for combining British design heritage with international production capabilities.
The administrators OPUS Restructuring and Insolvency have appointed CAPA to carry out a rates audit over the companies various premises.
