Made.com appoints administrators after failing to find rescue buyer

Made.com is to appoint administrators after the embattled online furniture retailer failed to find a buyer to rescue the company.In recent months, the firm warned it was considering cuts to staffing numbers and would need £70 million in funding to secure its future.Last week, Made said attempts to find a buyer had been unsuccessful. The company said: “Following further discussion, those parties have all now confirmed to the Company that they are unable to meet the necessary timetable. As a result, those discussions have been terminated and the Company is no longer in receipt of funding proposals or possible offers.”