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Reasons for company's collapse revealed after staff made redundant
Derby Telegraph
|November 24, 2025
FIRM'S ADMINISTRATORS REVEAL THAT ATTEMPTS TO FIND FUNDING TO KEEP THE BUSINESS GOING FAILED
THE reasons for the collapse of a Derbyshire firm have been revealed after it entered administration and made its staff redundant.
Administrators were appointed at furniture importer Alexander & James Ltd in September after attempts to sell it failed.
The company, which was incorporated in 2013 and traded from Harrington Mill in Leopold Street, Long Eaton, imported luxury sofas produced in Thailand and supplied them to furniture retailers.
Its Thailand-based parent company TCM Corporation Public Company Ltd (TCMC) said Alexander & James and another one of its UK subsidiaries had ceased trading operations on Monday, September 15, and now its administrators have explained how it fell into insolvency.
Joint administrators from Opus Restructuring said the importer had encountered severe and mounting difficulties from 2023 onwards.
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