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.’

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