MOORFIELDS ADVISORY APPOINTED ADMINISTRATORS OF UK KITCHEN APPLIANCE AND HOMEWARE RETAILER

Restructuring and recovery specialists Andy Pear and Milan Vuceljic of Moorfields Advisory were appointed Joint Administrators of The Funky Appliance Company Ltd on 3 November 2023.

The Funky Appliance Company specialised in unique and stylish kitchen appliances and had secured a reputable position in the market with their distinctive designs and high-quality product ranges. The company has an impressive web and social presence and had plans to expand internationally. Unfortunately, the company ran into difficulty earlier this year due to a supplier issue and significant creditor pressure.

Moorfields are now marketing the business and its assets for sale. Interested parties should contact fern.taylor@moorfieldscr.com or call 0207 186 1144.

Andy Pear, Partner at Moorfields, said: “The Funky Appliance Company has established a great reputation in the marketplace and developed a stylish range of kitchen appliances that are in demand. We hope to find a suitable purchaser for the business and assets who will be able to continue to expand the operation.”

ENDS

For media enquiries, please contact:

Katie Smith

Tel: +44 (0)20 7186 1144

Email: ksmith@moorfieldscr.com

About Moorfields

Moorfields Advisory Ltd is one of the UK's leading boutique firms of restructuring and insolvency specialists. The highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high-quality advice to companies and their stakeholders in financially distressed situations.

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