The parent company of Smallbone of Devizes is on the brink of collapse.
Canburg, which owns the high-end kitchen maker, has filed a notice of intention to appoint accountancy firm Grant Thornton as the administrator.
The company makes high-end kitchens including for customers such as Dustin Hoffman, Liz Hurley and Oprah Winfrey.
If Canburg does fall into administration, it would be a blow to the Business Growth Fund, which was set up by high street lenders following the financial crisis.
The Business Growth Fund invested £8 million in Canburg in 2014 in return for a 20% stake.
The difficult trading environment has seen the collapse of multiple retailers over the past year.
Maplin and Toys R Us have both fallen into administration, whilst retailers including Marks & Spencer (LON: MKS) and Debenhams (LON: DEB) have closed multiple stores as part of a Company Voluntary Arrangements.