Devon-based Axminster Carpets, which has been producing carpets for over 250 years, is currently exploring rescue and restructuring options following a "difficult" period of trading caused by competition from cheaper imports.
The company will continue to trade but the company’s board of directors has confirmed that a notice of intention to appoint administrators has already been filed. The notice was filed in order to provide the Company and its creditors with a moratorium period during which the various rescue options being explored can continue. The notice…
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