Manufacturers profits drop along with debt
- Defunct Domani owes ...306,000. // Cabinet Maker;11/12/99, Issue 5163, p4
Discloses the amount of debts amassed by failed sofabed firm Lyndberg.
- Plimsoll identifies 'zombie' retailers. // Cabinet Maker;7/9/2010, Issue 5695, p10
The article presents the report of research company Plimsoll Industry Analysis which reveals that 154 companies in the furniture retailers industry in Great Britain are in zombie businesses with growing losses and debts at an average of 49% turnover.
- Failure warning for bed and furniture firms. // Cabinet Maker;6/30/2006, Issue 5494, p6
The article reports on failure warnings for bed and furniture companies in Great Britain. Some 47% of beds and bedding manufacturers are in danger of going out of business. Research by financial analyst Plimsoll also found that 40% of UK furniture manufacturers are in danger of failing. Those in...
- Deal helps Simmons. Thomas, Larry // Furniture/Today;12/15/2008, Vol. 33 Issue 15, p1
The article reports on the extension of the forbearance agreement given by lenders on the senior debt of bedding major Simmons Co. in Atlanta, Georgia. The company indicates that the extension will provide sufficient time to reduce the leverage on its balance sheet. In addition, the forbearance...
- Bassett post $2.7M loss in 3Q; sales dip just 1%. Thomas, Larry // Furniture/Today;10/20/2008, Vol. 33 Issue 8, p170
The article reports on the financial performance of Bassett Furniture Industries for the third quarter of 2008 in the U.S. According to the author, the company recorded a decline in sales less than one percent and a net loss of $2.7 million due largely to an increase in its bad debt reserve....
- Dunmore 'forced' to close doors. Evans, Gary // Furniture/Today;1/17/2005, Vol. 29 Issue 19, p6
The article informs that, upholstery manufacturer Dunmore Furniture Inds., with annual volume estimated at about $25 million, has ceased operations. The company, which was a supplier to defunct retailer Heilig-Meyers Inc., had sustained debt that apparently proved insurmountable. A source close...
- Homestyle still looking at reducing its debts. // Cabinet Maker;5/13/2005, Issue 5438, p3
Reports on the efforts of Homestyle Group PLC to look for ways of reducing its debts. Doubts of stockholders on the Group's capability to reduce its debts; Rights issue which is increasingly seen as an opportunity to buy the Group at a fraction of its value; Allegation that a rights issue would...
- Creditors unlikely to be paid. // Cabinet Maker;7/1/2005, Issue 5445, p6
Reports that creditors of Essex-based furniture company Furniture Design are unlikely to be paid after the liquidation of the company on June 2005. Amount of the debt; Name of the liquidators.
- Pine firm threatens legal action. Pamben, Deven // Cabinet Maker;10/12/2007, Issue 5559, p3
The article reports on the legal actions used by Sibex to threaten its customers in clearing their debt to the company. Sibex which trades furniture materials and operates as Spirit Trading in Rotterdam, Holland, threatens to sue retailers who have unsettled payments to the company in securing...