MADE.COM is set to appoint administrators after rescue talks to find a buyer for the group failed.
The online furniture firm has filed a notice to appoint administrators, while shares in the London-listed group have been suspended.
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It comes after the company recently halted orders to new customers after abandoning hopes of getting a buyer to save it and inject the cash needed to stay afloat.
The company currently employs around 700 staff.
In a statement, Made.com said it took the decision to suspend new, online orders from October 26.
It also confirmed that it intends to appoint administrators from PricewaterhouseCoopers LLP (PwC).
The group said PwC would still seek to secure a sale of the firm.
The Sun has asked Made.com what will happen to existing customers orders.
It comes after Made.com put itself up for sale last month following a slump in value after going public last June.
It remains unclear as to whether recent customer orders will be fulfilled.
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Customers will need to get in touch on the company’s website, as we’ve noted that the retailer’s phone lines are redirecting customers here.
The news comes after several major retailers collapsed in recent years.
Corner shop chain McColl’s went bust back in May 2022 leaving 16,000 out of a job and 1,100 stores empty.
Department store, Debenhams went bust back in April 2020 – a move which left 22,000 out of a job.
What if I’ve ordered from Made.com and my item hasn’t arrived?
According to Citizen Advice, if you bought an item from a shop before it closed down, you do not have an automatic right to a refund.
But if you ordered an item and it never arrived there are a number of ways to claw your money back.
Customers should firstly try and get in touch with the company or its appointed administrators and ask for the item purchased or a full cash refund.
How do I request a refund if I can’t get in touch with Made.com?
If you can’t get hold of the company or they fail to respond to your request for a refund, there are still ways to get your money back.
If you paid by credit card
If you paid for the item using a credit card, you’ll be covered by Section 75 of the Consumer Credit Act.
This means that if you pay for a big purchase on your credit card and something happens – like the goods aren’t delivered or the shop goes bust – your card provider is just as responsible as the retailer to refund you.
To make a claim, contact your credit card provider – your first port of call should be its customer services phone number – and tell them you want to make a claim under Section 75.
It should then send you a claim form which you can fill-in and your provider will use to process your application.
Your card firm might ask you to provide evidence such as a receipt or a report verifying that the item is faulty.
If you paid by debit card
If you didn’t pay for the item with a credit card – don’t panic. If you paid with a debit card you’ll be covered by chargeback rules.
Chargeback can be used to reclaim cash for goods and services you don’t receive that have been paid for by debit card, or by credit card for purchases under £100.
Claims must be made within 120 days of the transaction and to start a chargeback, you need to contact your card provider.
If you paid using buy now, pay later?
If you paid for an item using a buy now, pay later provider, you’ll need to contact them first to check if they have a process for you to reclaim the cash.
This sector is largely unregulated and it doesn’t offer customers the same protections as those who shop with a credit or debit card.
What if I’ve got a Made.com item – what are my rights
If you have a Made.com item already and you need to enquire about a repair or replacement you may be protected under the Consumer Rights Act.
According to Which?, if you’ve been supplied with faulty goods and the company is placed into administration but still trading – you may still be able to get a replacement.
Make sure to read any warranty or manufacturer guarantees as this could increase the likelihood that you’ll be able to get an item repaired or replaced.
What if I’ve got a Made.com voucher?
You’re unlikely to be able to redeem your vouchers at most chains that go bust.
There’s no guarantee that you’ll be able to get your money back but if you paid for the voucher with your credit or debit card you may be able to claw the amount back through chargeback or Section 75 rules.
