THE COMPLETE HOME FURNISHER

Furniture manufacturer saved from administration

Oldham-based furniture manufacturer Harrison Brothers has been acquired out of administration, saving around 60 jobs.

Christopher Ratten and Jeremy Woodside, both of RSM Restructuring Advisory LLP, were appointed joint administrators to Harrison Brothers Furniture Ltd on the 23 May 2019.

Following the appointment, administrators said that the business, which has been established since 1979, suffered some ‘operational and trading issues’ that put ‘pressure on cashflow’.

Administrators have now confirmed the business has been sold to HB Furniture Ltd, which is a newco founded by Wendy and Jane Harrison, who are the daughters of the original founders Vic and Robert Harrison.

Chris Ratten, RSM restructuring advisory partner and joint administrator, said: “The business has been trading for a long time in the area and has a skilled workforce; so, it’s great to see that the deal will allow the business and staff to move forward under new ownership.”

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