Made heads towards administration as shares suspendedon November 1, 2022 at 8:43 am

Online furniture retailer Made.com has moved a step closer towards administration after the company’s shares were suspended on Tuesday.

The firm announced last week that rescue talks to find a buyer for the business had so far failed.

It stopped taking new orders last week as bosses warned that cash reserves could run out if further funding could not be raised.

Made.com was launched in 2011 and employed 700 staff at the end 2021.