A FAMILY-RUN furniture retailer has gone bust with multiple jobs at risk.
Based in Glasgow, Morale Home Furnishings is a retailer of furniture and homewares, as well as garden furniture and accessories.
The company, which is run by businessman Khalid Ali and his family, was reportedly impacted by customers moving to lower-priced alternatives, including those retailers which predominantly sell online.
The company employs six employees, all of which will be retained while the company is in administration.
READ MORE: Why is Taiwan one of the world's biggest importers of Scottish whisky?
Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint administrators to Morale Home Furnishings UK Limited on February 28 2024.
Following their appointment, the joint administrators announced they will continue to trade the business for a period, and as such, have commenced a closing down sale at the store in the Hillington Industrial Estate, Glasgow.
The sale will initially see discounts of at least 30% off RRP on all stock, and up to 60% off RRP on selected lines on display furniture straight from the showroom.
Alistair McAlinden, head of Interpath Advisory in Scotland and joint administrator, said: “As consumers continue to tighten their belts as a result of the cost-of-living crisis, retailers of big-ticket items and similar considered purchases continue to come under significant pressure."
Alistair McAlinden added: “Our intention is to trade the business for a short period while we seek to sell all remaining stock, so would encourage customers to visit the store over the coming days, where Morale’s team of dedicated employees will be available to assist.”
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here