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Capitol Centre to see empty unit as Fabb Sofas goes bust

Posted on - 11th June, 2018 - 7:00am | Author - | Posted in - Business, Preston News, Walton-le-Dale
Fabb Sofas has notices on the door saying it has closed with immediate effect Pic: Blog Preston
Fabb Sofas has notices on the door saying it has closed with immediate effect Pic: Blog Preston

There will be an empty unit again at the Capitol Centre in Walton-le-Dale.

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19 jobs have been put at risk as furniture retailer Fabb Sofas went into administration.

Less than a year after opening at the retail park, off London Road, the store has closed.

Founded by the man behind DFS, Lord Kirkham, the chain which has nine stores across the UK announced it had called in Price Waterhouse Coopers as administrators.

A statement from PWC said: “Since incorporation, the company has grown rapidly to nine stores across England and Scotland.

“Despite achieving significant revenues in such a short period, the business remained reliant on external funding to support trading losses.

“Unfortunately, it was not possible to achieve a sale and as such the directors had no option but to appoint administrators to protect the creditors of the company.”

Fabb Sofas took on the former Tesco store Pic: Blog Preston
Fabb Sofas took on the former Tesco store Pic: Blog Preston

Read more: Park and ride at Walton-le-Dale to be given extra time

PWC have released information for customers who have bought sofas, including what to do if you have put down a deposit.

It says at this stage no sofas will be delivered, and they are working with other retailers to look at fulfilling the orders.

It is not known what the Fabb Sofas site at the Capitol Centre will become.

Previously it was a Tesco Home store but had stood empty for a number of years after the retailer pulled out of the city.

What would you like to see on the Capitol Centre retail park? Let us know in the comments below

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