Thousands of jobs at risk as Carpetright set to enter administration
More than 1,800 jobs are at risk as Carpetright is set to enter administration.
The carpet and flooring retailer has filed a notice of intent to appoint administrators.
PwC are set to be appointed as part of the process, who will seek to find emergency funding or a rescue buyer for the troubled business.
Once a notice of intent to appoint administrators is filed, it gives companies around 10 days in which it can attempt to avoid insolvency.
Carpetright operates six stores in Suffolk: two in Ipswich, one in Bury St Edmunds, Newmarket, one in Lowestoft and one in Sudbury.
Carpetright, which is owned by Nestware Holdings, has suffered from weaker demand for carpets as homeowners shifted towards hard flooring as well as a major cyberattack in April which halted trading.
Related
‘It’s a huge problem’: what’s gone wrong at the ONS…
The Office for National Statistics (ONS), with its number-crunchers and crack-of-dawn data dumps, is an unlikely backdrop for turmoil.But in recent months the N
UK on the brink of a recession and jobs ‘will…
Labour has been warned that the UK is on the brink of a recession and the economy is fast heading for “the worst of all worlds.” According to the Office
UK insurer Aviva to shed up to 2,300 jobs in…
By Chandini Monnappa and Lawrence White LONDON (Reuters) -British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3
Listen love, I can’t be applying for jobs day in…
Merseyside's metropolitan borough of Knowsley was once best known for being the home of Knowsley Safari Park, housed in the grounds of Knowsley Hall, the family
