Online furniture and homeware retailer MADE.com has this morning confirmed that it has entered into administration.
The collapse of the company comes after the retailer – which was founded back in 2010 by Brent Hoberman, the Lastminute.com co-founder, and Chinese entrepreneur Ning Li – went public last year with a valuation of £775 million following what was said to be a “stellar sales performance” during the COVID-19 pandemic.
Sales then began to fall away, however, when COVID restrictions came to an end and customers started to complain about the long waits and delayed deliveries for their orders.
MADE.com suspended trading shares over a week ago, and its market value then slumped to £2.1 million.
Up to 500 jobs are now believed to be at risk following the collapse.
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News that that MADE had filed a notice of intention to appoint administrators, and that the company was “exploring all options” – including an accelerated sale of all of parts of the business – began circulating last week.
Online furniture retailer MADE has entered into administration / Credit: made.com
Administrators at PricewaterhouseCoopers (PWC) were beginning the task of selling the company’s other assets and paying off its debts to creditors – but now it’s been announced that the company has officially entered into administration.
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It has also been confirmed today that rival retailer Next has snapped-up the MADE.com brand, its website, and intellectual property.
Speaking as the business goes into administration, Nicola Thompson – Chief Executive of MADE.com – said: “I would like to sincerely apologise to everyone – customers, employees, supplier partners, shareholders and all other stakeholders – impacted as a result of the business going into administration.
“Made is a much loved brand that was highly successful and well adapted, over many years, to a world of low inflation, stable consumer demand, reliable and cost efficient global supply chains and limited geo-political volatility – but that world vanished, the business could not survive in its current iteration, and we could not pivot fast enough.”
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The retailer has shared a message of its notice of intention to appoint administrators on its website / Credit: made.com
Ms Thompson confirmed that the brand “will now continue under new owners.”
Co-founder Ning Li said shortly before the firm’s collapse that he had submitted three proposals to MADE.com’s board and PwC to buy back the company, but he claimed his offer had been rejected.
He wrote in a statement on LinkedIn: “Apparently, it would be preferable to break the company up and sell it in pieces to generate a little more cash.
“It makes no sense to me, but I wanted you to know that I really tried.”
Featured Image – made.com
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NHS to start screening patient health records in a bid to catch one of the most ‘lethal’ cancers
Emily Sergeant
Hundreds of GP practices will begin combing patient records to offer urgent tests to those most at risk of one of the deadliest cancers.
It’s all in a bid to catch pancreatic cancer sooner rather than later.
Pancreatic cancer is the fifth most-common cause of cancer deaths in the UK each year, with only 7% of people living for five years or more after diagnosis.
Most people with pancreatic cancer only recognise symptoms when their disease is at a late stage, so this is why the NHS wants to reach out to people as early as possible through its new screening initiative so they can get the best treatment available to them.
GP teams are set to start scouring online patients records to identify people over 60 who have the key early warning signs of pancreatic cancer – including being recently diagnosed with diabetes and sudden weight loss, as it’s said that around half of those diagnosed with pancreatic cancer have been diagnosed with diabetes recently.
The symptoms of pancreatic cancer are usually not noticed until it’s at an advanced stage, so we need to find new ways to pick it up.
We’re working to seek people out who might be unwell without any symptoms, so we can provide people with the most effective treatment. https://t.co/6rlFVGN6UW
Even if a patient’s weight is not recorded, GP teams will reach out to patients to check they have not ‘unexpectedly slimmed down’ and offer them tests if they have new onset diabetes.
More than 300 GP practices across England will begin using the initiative – with dozens rolling it out now, and the rest due to be up and running in the autumn.
While GP teams already know the signs to look for, this new screening scheme provides almost £2 million in targeted funding to help practices reach out to those most at-risk and give patients the best chance of being diagnosed earlier.
NHS is starting to screen patient health records in a bid to catch one of the most ‘lethal’ cancers / Credit: RawPixel
When the practices taking part in the three-year pilot find the signs and symptoms they’re looking for, they will then contact patients and send them for urgent blood tests and CT scans to rule out cancer.
“Pancreatic cancer is responsible for so many deaths, because patients don’t usually notice symptoms until the cancer is at an advanced stage, which is why we need to find new ways to pick it up,” commented Professor Peter Johnson, who is the NHS’s National Clinical Director for Cancer.
Health Minister, Karin Smyth, added: “As someone who has faced cancer personally, I know all too well the fear that comes with a diagnosis and the precious value of catching it early.
“This targeted approach to identify people at risk of one of the most lethal cancers could give more people a fighting chance and spare the heartbreak of countless families.”
Featured Image – RDNE (via Pexels)
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Chester Zoo named one of England’s most popular tourist attractions with 1.9m visitors
Emily Sergeant
Congratulations are in order, yet again, for Chester Zoo… as this time it’s been named one of England’s most popular attractions.
Merely months after being named the UK’s best zoo for the second year running, thanks to receiving more than 11,000 ‘excellent’ reviews from TripAdvisor, Chester Zoo has now got itself another prestigious title, as a major VisitEngland (VE) report has ranked it the third most-visited ‘paid for’ attraction in England – and the most visited outside of London.
The national tourist board for England gathered information from a total of 1,373 attractions across the country, and ranked the UK’s biggest charity zoo as the third overall in terms of popularity, with a whopping 1.9 million visitors in 2024 alone.
The Tower of London took top spot with 2.9 million visitors, while the Royal Botanic Gardens at Kew was second place with 2.3 million visitors.
When it comes to free attractions, on the other hand, it wad the British Museum that claimed the top spot with 6.5 million visitors, while the Natural History Museum (5.9 million visitors) took second place, and the Tate Modern (4.6 million visitors) got third.
So as you can see, the south and London in particular is a pretty dominating force in England’s tourism industry – which is why it’s even more impressive to see Chester Zoo ranked so highly.
The new VE title also comes after the zoo was recently given £4 million of lottery funding to help ‘transform’ the local environment and restore wildlife habitats across the Cheshire and wider North West region.
Not only that, but if course follows Chester Zoo’s unveiling of its new immersive experience named Heart of Africa, which is the the largest zoo habitat ever created in the UK and is home to 57 iconic African species.
Chester Zoo has been named one of England’s most popular tourist attractions with 1.9m visitors / Credit: Chester Zoo
“As a major international wildlife charity, everything we do is focused on supporting global conservation,” commented Chester Zoo’s Commercial Director, Dom Strange.
“Whether it’s caring for highly-threatened animals and plants, making scientific discoveries, influencing Government environmental policies, impacting the National Curriculum to better connect young people with nature, or our conservation efforts in around 20 countries, we’re fully committed to protecting endangered species for the future.
“But none of this would be possible without our visitors.
“Every person who comes to the zoo for a fun and inspiring day out is helping to fund our vital work, so we want to say a heartfelt thank you to everyone who has supported us and helped us to rank so highly in VisitEngland’s latest report.”
Emily Sergeant -
9th November 2022 
