// Made.com stock to be auctioned off by John Pye to recover funds for creditors and out-of-pocket shoppers
// All of the UK stock from the retailer is present in the inventory, including several thousands of furniture items
Made.com is set to sell off its remaining sofas and tables, in a bid to recover funds for creditors.
Auction house John Pye & Sons has been appointed by administrators of the recently collapsed homewares business, which was hit by consumers pulling back on big-ticket purchases amid soaring inflation and the cost-of-living crisis.
All UK stock from Made.com will be included in the inventory, comprising of several thousands of upholstery, home furniture, outdoor and leisure, home accessories and lighting items.
John Pye’s customer base was “familiar” with buying the type of stock on offer, the auction house’s managing director, Adam Pye, said.
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Made.com’s brand, domain names and intellectual property was bought by high street giant Next for £3.4m in a pre-pack administration last week.
Although around 12,000 UK orders are outstanding, customers will not be able to get a refund from the company directly, but will need to try their bank provider.
“John Pye Auctions is deeply saddened by the nature of this case, having worked as close partners with Made.com Design Limited for over six years,” John Pye managing director Adam Pye said.
“We’ve formed relationships with many staff members. We wish all the very best to everyone negatively affected.
“As with any insolvency of a great British brand such as Made.com, there are always the tragedies of redundancies and loss.
“It is John Pye Auction’s role to realise the best we can for all creditors of the company.
“Thanks to our long-standing partnership with Made.com Design Limited, we have a customer base who are familiar with buying this type of stock, so we hope to be able to realise a positive return for creditors.”
The homewares retailer posted a loss before tax of £35.3 million for the six months to 30 June, versus £10.1m a year prior.
The business stopped taking orders last month after revealing that its attempts to secure a buyer had failed, which put it on a crash course for collapse.
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