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.”
