Allied Carpets on brink of administration

Allied Carpets Properties has filed a notice of intention to appoint an administrator, understood to be BDO Stoy Hayward, Retail Week revealed.

It is unclear whether an administration of the property division would impact on Allied's core retailing operations. The business is in private equity hands after being bought by Sigma Capital in March, a fund backed by Hilco.

Allied Carpets is the UK's second largest floorings retailer. It is currently in the final stages of completing debt refinancing and is also undertaking a strategic review.

Hilco has had exposure to other distressed retailers in the past 12 months. It tried to buy Woolworths and advised Deloitte during the failed retailer's closing down sale. Hilco was also represented on MFI's board.

Further Reading:

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