{"id":39426,"date":"2019-10-10T12:01:36","date_gmt":"2019-10-10T10:01:36","guid":{"rendered":"http:\/\/modern-wilderness.flywheelsites.com\/?p=39426"},"modified":"2019-10-10T12:01:41","modified_gmt":"2019-10-10T10:01:41","slug":"triumph-furniture-collapses-into-administration","status":"publish","type":"post","link":"https:\/\/officerepublic.news\/en\/2019\/10\/triumph-furniture-collapses-into-administration\/","title":{"rendered":"Triumph Furniture collapses into administration"},"content":{"rendered":"\n<p><strong>Thought to be one of the top furniture manufacturers in the country, Triumph Furniture Limited has fallen into administration after citing a significant loss in sales as the reason for its downfall.<\/strong><\/p>\n\n\n\n<p>Founded in 1946, Triumph Furniture has two sites in South Wales \u2013 in Merthyr Tydfil and Dowlais \u2013 to supply furniture to central government buildings and a network of over 600 office furniture resellers.<\/p>\n\n\n\n<p>The family-run business, however, was forced to go into administration after it failed to lower its operating overheads in light of a dramatic fall in sales over the last 10 weeks.<\/p>\n\n\n\n<p>The company\u2019s most recent financial accounts showed a loss of \u00a3342,000 in the year ending June 2018, which contrasts the profit of \u00a366,000 in the previous year. A report to go alongside the accounts suggested that this was a result of a number of contracts being delayed, which consequently impacted sales and revenues. <\/p>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-background has-vivid-cyan-blue-background-color\" href=\"https:\/\/www.business-sale.com\/news\/administration\/south-wales-furniture-maker-collapses-into-administration-219481\">> Read full story on business-sale.com<\/a><\/div>\n\n\n\n<div class=\"wp-block-button alignleft\"><a class=\"wp-block-button__link has-text-color has-very-dark-gray-color has-background has-very-light-gray-background-color\" href=\"https:\/\/www.walesonline.co.uk\/news\/wales-news\/triumph-workers-say-faced-awful-17058295\">> Triumph workers say they faced &#8216;awful&#8217; conditions at administration-hit furniture factory &#8211; Walesonline.com<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-color has-very-dark-gray-color has-background has-very-light-gray-background-color\" href=\"http:\/\/www.triumphfurniture.com\/\">> Triumph Furniture Corporate Website<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thought to be one of the top furniture manufacturers in the country, Triumph Furniture Limited has fallen into administration after citing a significant loss in sales as the reason for its downfall. Founded in 1946, Triumph Furniture has two sites in South Wales \u2013 in Merthyr Tydfil and Dowlais \u2013 to supply furniture to central&hellip;<\/p>\n","protected":false},"author":3,"featured_media":39427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[3101,3091,5312],"tags":[5846],"jetpack_publicize_connections":[],"acf":{"app_afbeelding":false,"app_titel":"Triumph Furniture collapses into administration","app_article":"<p><!-- wp:paragraph --><\/p>\n<p><strong>Thought to be one of the top furniture manufacturers in the country, Triumph Furniture Limited has fallen into administration after citing a significant loss in sales as the reason for its downfall.<\/strong><\/p>\n<p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p>Founded in 1946, Triumph Furniture has two sites in South Wales \u2013 in Merthyr Tydfil and Dowlais \u2013 to supply furniture to central government buildings and a network of over 600 office furniture resellers.<\/p>\n<p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p>The family-run business, however, was forced to go into administration after it failed to lower its operating overheads in light of a dramatic fall in sales over the last 10 weeks.<\/p>\n<p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p>The company\u2019s most recent financial accounts showed a loss of \u00a3342,000 in the year ending June 2018, which contrasts the profit of \u00a366,000 in the previous year. A report to go alongside the accounts suggested that this was a result of a number of contracts being delayed, which consequently impacted sales and revenues.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n","app_link_title":"","app_link_url":"","app_display":"Ja","bedrijfsnaam":"","related_profiles":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Triumph Furniture collapses into administration | OfficeRepublic<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officerepublic.news\/en\/2019\/10\/triumph-furniture-collapses-into-administration\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Triumph Furniture collapses into administration | OfficeRepublic\" \/>\n<meta property=\"og:description\" content=\"Thought to be one of the top furniture manufacturers in the country, Triumph Furniture Limited has fallen into administration after citing a significant loss in sales as the reason for its downfall. Founded in 1946, Triumph Furniture has two sites in South Wales \u2013 in Merthyr Tydfil and Dowlais \u2013 to supply furniture to central&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/officerepublic.news\/en\/2019\/10\/triumph-furniture-collapses-into-administration\/\" \/>\n<meta property=\"og:site_name\" content=\"OfficeRepublic\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/officerepublic\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-10T10:01:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-10T10:01:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/officerepublic.news\/wp-content\/uploads\/2019\/10\/triumph-furniture-header-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1517\" \/>\n\t<meta property=\"og:image:height\" content=\"730\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Frans Sijtsma\" \/>\n<meta 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