Office furniture supplier 2ndHnd has gone into administration as the economic slowdown hit office refurbishment work.
Dundonald-based 2ndHnd refurbished and sold pre-owned office furniture. It had two warehouses in Scotland, as well as one in Essex, and sold through its website which promoted sustainable office furniture.
The group had seen strong demand as people returned to offices following the pandemic lockdowns - but was hit by economic uncertainty.
Shona Campbell of Henderson Loggie has been appointed joint administrator with Lee Green and Andrew Kelsall of East Anglian accountancy firm Larking Gowen. Both firms are members of the PrimeGlobal association of independent accounting firms.
2ndHnd has 19 employees- of which 13 have been made redundant and six retained to assist the administrators.
Shona Campbell said: “During the pandemic the company experienced healthy sales because of people furnishing home offices, and businesses reconfiguring spaces.
"Sales dropped significantly at the same time as larger furnishing contracts for offices declined as a result of the economic slowdown.
"We will now begin the process of selling the business and assets including the website, intellectual property and stock."
2ndHnd director Ross Dutton said: “It’s been eight years since starting this journey in the circular economy and up cycling, made possible with great support from many suppliers. I would like to thank all staff to customers who have supported me.
"It’s a pity we can’t continue this journey to help in the race to net zero. It was a tough market to pioneer we made notable progress on how things needed to change."
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