KPMG appointed administrators of collapsed furniture company

Blair Nimmo and Alistair McAlinden of KPMG have been appointed as joint administrators of First Furnishings Limited (FFL), a furniture company with premises in West Lothian and Glasgow.

The firm has ceased trading and all 57 staff have been made redundant following the collapse of the firm due to “cash flow difficulties”.

Mr Nimmo, global head of restructuring for KPMG, said: “Unfortunately, while FFL was a leading operator in its field, the business was unable to continue trading in light of an increasing cost base, which, combined with contractual obligations, gave rise to acute cash flow difficulties.

“As a result of the difficult financial position facing the company, we had no choice but to make all employees redundant. We will be working with affected employees and relevant government agencies to ensure a full range of support is available.

“We are also exploring the possibility of securing a sale of the company’s business and assets and would encourage any interested parties to contact us as soon as possible.”