The family-run business started trading in the 1960s and established itself as a leading furniture manufacturer in the 1980s by supplying prestigious house builders.
But in 2009 the company entered into a Company Voluntary Agreement, with creditors insisting upon pro forma payments.
It placed strain on the company’s cash flow which, together with a downturn in trading conditions in 2010, exacerbated the trading difficulties and it defaulted on its CVA.
Johnson & Johnson Furniture appointed Steven Muncaster and Sarah Bell of MCR as joint administrators, which then made around 50 redundancies.
The aim was to facilitate on-going trading, while the administrators seek the sale of Johnson & Johnson Furniture as a going concern.
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