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Fabb in administration

Last Thursday (7th June) PwC’s Toby Underwood and Peter Dickens were appointed joint administrators of Fabb Projects Ltd, which traded as Fabb Sofas from nine UK outlets.
Fabb was incorporated in 2015, but, despite achieving significant revenues since its incorporation, the company remained reliant on the support of investors to fund trading losses, and could not continue to meet its debts without their continued support.

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