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.
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.
There's dismay in the Devon town of Buckfastleigh as Axminster Carpets fights to find a new owner. With administrators waiting to take over, there's huge uncertainty over the 132 jobs there and the hundreds more in Axminster.
One hundred workers now have job security after a buyer was found for Axminster Carpets over the weekend.
The company charged with re-structuring the carpet firm is making 300 staff redundant.
Three-quarters of the workforce at Devon-based historic carpets firm Axminster have been made redundant