Online furniture specialist Made.com has filed its intention to appoint an administrator, after it was unable to secure a sale of the business.

The retailer started looking for a buyer in September, after an unsuccessful fundraising round.

Last week it revealed that talks with interested parties had fallen through, as none were able to submit a bid by the end of October, as reported by Retail Gazette. It had received proposals from interested parties to acquire certain or substantial parts of its assets, brands and trade.

Made.com stopped taking new customer orders last week and will appoint PWC as administrator.

Its shares were suspended from trading on the London Stock Exchange yesterday (November 1).