Furnishings firm fails
Houseology online business collapses with 23 job losses
The company had a poor Christmas
Houseology Design Group has called in administrators for its e-commerce business which has ceased trading with the loss of 23 jobs.
The Glasgow-based company, chaired by former Skyscanner finance chief Shane Corstorphine and backed by investors including ex-Tesco boss Sir Terry Leahy, traded as an online retailer of designer branded furniture, lighting and accessories for inside and outside the home.
Its business-to-business division, Bureau Workspace, a commercial furniture consultancy in Edinburgh, will continue to trade.
Stuart Robb and Michelle Elliot of Leonard Curtis Business Rescue & Recovery Glasgow were appointed joint administrators to the e-commerce business and have retained a small number of employees to help with the process.
Entrepreneurs Bill Dobbie and Mike Welch are among the high-profile names who have previously backed the group.
The directors attributed the company’s situation to exceptionally poor e-commerce trading across the Christmas period and January, and wider market dynamics showing no signs of improvement in the short to medium term.
A spokesman for the company, which was set up in 2010, said they were confident the group’s assets will prove attractive to a buyer.