Warren Evans closes after 30 years of selling beds
Firesale of remaining stock as firm which began in Camden Town falls into liquidation
22 February, 2018 — By Dan Carrier
Shut down: Warren Evans’ HQ in Camden Town
TRENDY bed chain store Warren Evans, which started life under a railway arch in Camden Town, has fallen into liquidation.
The business was set up in 1978 with a £200 loan from the founder’s sister. Mr Evans built the firm into a national brand, renowned for its high-quality workmanship, ethical trading standards and customer care.
But tomorrow (Friday) and Saturday will see a firesale of the last remaining pieces of furniture at the company’s flagship shop in Prowse Place, Camden Town. Goods will be sold off and the firm will no longer exist.
Insolvency firm Duff and Phelps have taken on the task of paying creditors and trying to fulfil orders already placed. The New Journal has learned that 25 customers, who paid for their beds in cash, are set to lose out, but others who used credit cards can make a claim for a full refund.
Duff and Phelps spokesman Richard Merrin said the firm had suffered from economic forces beyond its control. “We are looking at a perfect storm,” said Mr Merrin. “We have relatively stagnant wages so people are just not spending their cash on big ticket items, such as cars, sofas, new bathrooms and beds. They are not selling.”
He added: “Sales fell off to the point of being unsustainable. Added to this, the cost of production and the cost of materials has gone up.”
Warren Evans had 14 showrooms across London and the south-east and employed 287 people. Its HQ was in Camden but the furniture was made at a workshop in Walthamstow using specially sourced timber and low-energy practices, which made it a firm favourite for ethical customers.
The New Journal has learned that the firm’s market share had grown over the past 12 months after new ranges were released, but fresh investment was needed to keep it afloat and this week none was forthcoming.