Redundancies at two online retailers after entering administration

Redundancies have been made at two online retailers after they entered administration.

Rick Harrison and Howard Smith from Interpath Advisory have been appointed as joint administrators to Lancashire-based Big Home Shop and Physioroom.

Big Home Shop sells garden furniture, outdoor equipment and other general furniture items via various channels on Amazon and other online marketplaces.

Physioroom sells home exercise, recovery and injury prevention equipment via its dedicated website.

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Both companies operate from leasehold premises in Padiham.

Interpath Advisory has said Big Home Shop “recently experienced financial challenges” which were then “exacerbated by significant stock issues” caused by international shipping delays.

The firm added that this resulted in a large funding requirement that the business was unable to meet.

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Interpath Advisory said: “With Physioroom reliant on Big Home Shop for a number of services which it was no longer able to provide, the loss of these services, combined with recent trading losses, meant that Physioroom was also unable to fund ongoing trade.”

The joint administrators will continue to trade both businesses while all options are assessed and have retained the majority of the companies’ 35 staff. However 12 redundancies have been made.

Mr Harrison said: “Big Home Shop is a seasonal business. Unfortunately, the well-publicised international shipping delays seen across the globe in 2021 had a significant impact on the company’s stock, which led to lower than usual trading through its peak season.

“We will continue to trade the business while all options are assessed.”

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