Market Harborough-based furniture and home accessories firm The Furniture Barn is currently up for sale, after administrators were called in last week.
The company, which has two of its eight branches in the town, will continue to trade as normal as a new buyer is sought.
All staff will be retained, and all customers who have ordered goods will receive them, the Mail understands.
But the affairs, business and property of the company are currently being managed by Nigel Hamilton-Smith and Geoff Rowley, who were appointed Joint Administrators on Friday.
The Furniture Barn is thought to have around 100 staff at two town branches on Riverside and on Rockingham Road, and also in stores at Doncaster, Grantham, Kidderminster, Sheffield, Sutton Coldfield and Thurrock in Essex.
The eight stores are actually two different companies; one covering the two Harborough stores, and one the other six.
The oldest company, The Furniture Barn Ltd, was founded by local businessman Richard Kimbell in 2000.
The Furniture Barn bills itself as a family business and “the home of low cost, high quality furniture in the UK”.
And there is still optimism that the financial ‘blip’ can be quickly sorted out, the Mail understands.
A spokesman for FRP Advisory, the business advisory firm, said “The Furniture Barn continues to trade while the joint administrators market the business for sale and engage with interested parties.
“The joint administrators have retained all staff while they service orders and liaise with customers and suppliers.”
And the administrators add that The Furniture Barn benefits from a steady past history and can continue to operate normally in the foreseeable future.
Their statement says: “This is a business with a long history of trading and a loyal customer base.
“We have made early progress in ensuring our ability to continue to purchase furniture and meet customer demand.”