BusinessBusiness RecoveryPwC takes charge at Yorkshire carpet maker

PwC takes charge at Yorkshire carpet maker

Bradford-based Carpets International, the UK's largest carpet manufacturer, has been placed in administrative receivership following a drop in demand for traditional floor covering and increased overseas competition.

Link: Queen’s curtain maker in receivership

Roger Marsh, Steve Ellis and Garth Calow from PricewaterhouseCoopers, were appointed joint administrative receivers yesterday for the company which supplies a number of high street retailers trading under such well-known brand names including Kossett, Wilton Royal and Abington.

Carpets International operates from seven locations in the UK, employing around 1,200 people with an annual turnover of approximately £100m.

Joint administrative receiver, Roger Marsh, said the company had a ‘strong reputation, well established leading brands and an excellent customer base’.

But the company had suffered in the last year from falling demand in the UK market caused by a move by consumers away from traditional floor coverings and increased competition from imports, Marsh said.

‘We are holding urgent talks with key suppliers and customers over the course of the next few days to seek their support to allow trading to continue. Naturally we will be engaging with the work force to keep them informed of our strategy in the days ahead.’

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor