Partly Cloudy

Partly Cloudy

max temp: 13°C

min temp: 4°C

ESTD 1874 Search

UK: Carpet maker Axminster set to go into administration

14:48 20 February 2013

An Axminster Simply Natural Stripe in Vogue carpet

An Axminster Simply Natural Stripe in Vogue carpet

Historic carpet maker Axminster is to go into administration in a move putting 400 jobs at risk.

shares

The Devon-based company, which dates back 250 years, said the decision will provide the company and its creditors with time to explore various rescue options.

Director Joshua Dutfield said: “Trading has been difficult and the management has been working with key suppliers, creditors and the lenders in an attempt to resolve the company’s financial difficulties.

“We continue to be committed to working to achieve the best possible outcome for all concerned and most importantly the staff and suppliers.”

The company’s board of directors has confirmed that a notice of intention to appoint administrators has been filed, and Benjamin Wiles, Geoff Bouchier and David Whitehouse of Duff & Phelps have been nominated as joint administrators.

The firm is continuing to trade while it explores potential rescue or restructuring options.

shares

0 comments

The scene of a thatch fire in Stoke-by-Nayland

A picturesque country cottage is still standing today despite a fire ripping through its thatched roof.

An Abellio Greater Anglia train

Rail services between London Liverpool Street and Norwich have been cancelled after a train fault at Diss.

Colchester Half-Marathon. Starting and finishing at Weston Homes Community Stadium.

Competitors braved the dismal morning weather today to take part in the Colchester Half Marathon.

The scene after the thatched roof fire in Stoke by Nayland - Picture credit - Suffolk Fire and Rescue Service

Ten fire crews tackled a thatched roof blaze in a Suffolk village overnight.

Sir John French: a colourful character and respected soldier

We’ve heard about the Suffolk men who fought at the battle of Neuve Chapelle.

Ipswich Crown Court

A 19-year old man who met up with a 13-year-old girl and exchanged text messages with her despite being given a police caution for kissing her several months earlier has been sentenced to 21 months youth detention.

St Edmundsbury Cathedral overlooking colourful displays in the Abbey Gardens

Suffolk’s most important religious building has been awarded a £300,000 Government grant to pay for urgent roof repairs.

Josephine Murphy

An 86-year-old woman who had gone missing from Clacton has been found safe and well

Aftermath of a barn fire in Holton.

A television antiques expert has appealed for help rebuilding his eco-friendly arts centre in Suffolk after a major blaze destroyed the historic sawmill that was to be its showroom and workshops.

Most read

Most commented

Topic pages