MADE.COM is set to appoint administrators after rescue talks to find a buyer for the group failed.
The online furniture firm has filed a notice to appoint administrators, while shares in the London-listed group have been suspended.
It comes after the company recently halted orders to new customers after abandoning hopes of getting a buyer to save it and inject the cash needed to stay afloat.
The company currently employs around 700 staff.
In a statement, Made.com said it took the decision to suspend new, online orders from October 26.