Dell opened its first High Street store in Balham, south London in 2003
Furniture retailer Dwell has ceased trading with immediate effect, the company has announced.
All 23 stores and one concession have been closed. Staff have been asked to stay at home, pending confirmation of the appointment of administrators.
Dwell began trading from a single store in Balham, south London in 2003 and has around 300 employees, mostly based in London and the south east of England.
The company has its headquarters and distribution centre in Milton Keynes.
A spokesman from Dwell said: "The business had been working with its advisers, to secure further working capital for the business and was actively in the process of talking to a number of interested parties.
"However, despite this interest, it did not progress."
The company said this left with no option but to close the business with immediate effect.
Customers who have outstanding orders are advised to contact their card issuer in the first instance.
The company says the website and stores are closed and will no longer take orders, and no further deliveries will be made.
Source: BBC News - Business http://www.bbc.co.uk/news/business-22987848#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
_Free_Online.gif)
