Axminster Carpets rescue deal

A rescue deal has been done to save Axminster Carpets from collapse.

A consortium, including Centric Commercial Finance Ltd and led by private investor Stephen Boyd, has taken over the business from administrators.

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Food bank opens to help carpet workers

A food bank to help workers who have not been paid by Axminster Carpets opens today.

It will be set up in the town's Tesco store. It will collect non-perishable items for the next week.

250 workers are waiting to be paid as the company tries to put together a rescue plan.

Axminster Carpets has gone into administration. Credit: ITV News West Country

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Axminster Carpets workers take to streets

Axminster Carpets Credit: West Country News

Workers at Axminster Carpets are out on the streets today as part of their fight to save more than 400 jobs.

On Wednesday the firm, the Devon-based firm, which dates back more than 250 years, applied to go into administration.

Staff will be outside the Guildhall in Axminster from 10.30 this morning (Saturday) and are asking people to sign a petition calling on the Government to do more to support their industry and keep the factory open.

Firm has been making carpets for more than 250 years Credit: West Country News

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Efforts continue to save Axminster Carpets

Efforts to save Axminster carpets are continuing today after the Devon-based firm announced they may have to call in the administrators because of financial troubles.

400 members of staff were told they were likely to lose their jobs unless a rescue bid can be achieved. The company has been making carpets for more than 250 years and blames difficult trading conditions.

Housing development 'could have saved Axminster'

Sources close to Axminster Carpets have told ITV News reporter Seth Conway that the company would have been saved from the prospect of administration had a housing development on its land not been opposed.

A campaign group, 'Save our Parkland', took East Devon District Council's decision to grant planning permission for 400 homes at Cloakham Lawns to judicial review.

Sources say the sale of the land for development back in 2011 would have provided an injection of cash to keep the world-famous firm alive. A spokesperson from the campaign group says the company's problems are nothing to do with them as their fight was with the council.

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