Made.com has gone into administration leaving thousands of customers out of pocket and hundreds without a job.

It is the latest company to go under.

Made.com is going out for good. According to reports, the business is headed for administration and almost immediately at least 400 people are without jobs. Local news reports that the company is selling all of its assets to clothing retailer Next.

The firm’s stock and staff are understood to have been kept out of the deal so it isn’t entirely clear how many jobs in full would have been saved.

Some 12,000 orders across the U.K will no longer be delivered. The company famously launched on the London stock exchange two years with a valuation of nearly £775m.