New Heights, founded in 1999 by three Oxford graduates, has 20 stores in locations such as Bath, Bristol, Cambridge, Reading and Nottingham.
New Heights bought MFI’s Sofa Workshop for£1.8 million in October 2006, which has 34 stores. The two fascias trade separately and all Sofa Workshop stores remain open.
New Heights is understood to have suffered from the flagging furniture sector. Its stores ceased trading on Friday and it is unclear whether the retailer will open them again.
Earlier this year, beds specialist Sleep Depot went into administration and both Land of Leather and ScS Upholstery have issued profit warnings recently.
A New Heights spokeswoman declined to comment.
There was no answer on the telephone at New Heights’ head office or any of the retailer’s stores when Retail Week contacted them today.
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