A UK bedding company whose products were found in major retailers, including Tesco, Debenhams, and The Range, has entered administration.
One Holding Ltd, founded in 2006, operated under the name Visco Therapy and offered a range of mattresses, toppers, pillows, and bean bags.
All the company’s products were “made in the United Kingdom using British-sourced materials”, and were stocked in major retailers, including:
One Holding Ltd enters administration owing £1.6 million
After 10 years in business, One Holding Ltd has now entered administration.
Lee Morris and John Thompson from Marshall Peters were appointed administrators back in March, according to Companies House.
A recent administrator’s report, seen by Interior Daily, has revealed that creditors are expected to face a total shortfall of £1.6 million.
Interior Daily added: “The collapse reflects ongoing pressure across the bedding and furniture manufacturing sector, where rising costs, weaker consumer demand and supply chain challenges continue to impact profitability and cash flow.”
One Holding Ltd is not the only bedding company to have collapsed recently, with Airsrpung also entering administration earlier this month after 150 years in business.
What happens when a company goes into administration?
When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com.
Companies House adds: “When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.
“An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process.”
A statutory moratorium is put in place once a company enters administration, giving it “breathing space” to allow for financial restructuring plans to be drawn up free from creditor enforcement actions.
A company can continue to trade while in administration, but daily management and control are handed over to the administrators.
Companies House continues: “Within 8 weeks it is the administrators’ role to formulate administration proposals.
“Creditors are then asked to vote by a decision procedure to approve the administrators’ proposals.
“If the administration involves a sale of all or part of the company’s business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority.”
Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension.
Through administration, a company can be:
Other UK companies that have closed or entered administration/liquidation in 2026 (so far)
It has been a rough start to 2026 for the UK high street, with several other retailers entering administration and others announcing widespread store closures.
Major high street retailers LK Bennett and Claire’s both closed all their stores in April, having previously fallen into administration.
Other retailers have been forced to close stores this year, including:
Several other companies have fallen into administration, including:
Iguanas Holdings Limited, which runs 47 Las Iguanas restaurants across the UK, and Poundstretcher are also in danger of collapsing into administration if restructuring plans aren’t agreed, having “fallen into financial difficulties”.
Meanwhile, four UK travel companies have closed in 2026:
Luxury UK holiday company Salamander Voyages also shut down recently after entering administration.
EcoJet Airlines, billed as “the world’s first Electric Airline”, entered liquidation earlier this year after just three years, resulting in the cancellation of all planned flights.
What has a nose, wings and runs off of hydrogen? Ecojet 😎 pic.twitter.com/y8QGiBdFe2
— ecotricity (@ecotricity) July 17, 2023
UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost.
It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.
It’s not been all bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.
Have you ever purchased any Visco Therapy bedding products? Let us know in the poll above or in the comments below.
