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| Triumph Furniture of Merthyr Tydfil folds with 252 job losses | Triumph Furniture of Merthyr Tydfil folds with 252 job losses |
| (32 minutes later) | |
| A furniture company has gone bust with 252 job losses after reporting "a catastrophic collapse in orders". | |
| Triumph Furniture of Merthyr Tydfil, which has bases in the town and Dowlais, supplied more than 600 furniture sellers, as well as being a major supplier of central government. | |
| The firm went into administration on Tuesday, after an "unprecedented fall in sales" over the last 10 weeks. | |
| Administrators said 239 jobs will go immediately. | |
| The remaining 13 will be kept on in the short-term to help administrators. | |
| It was established in 1946 as a family-run business, with chief executive Andrew Jackson describing its demise as fast. | |
| He said: "The family is devastated by this appalling outcome and are extremely concerned for the welfare of all Triumph employees and their families at this terrible time. | |
| "The business has suffered a rapid and catastrophic collapse in orders since the middle of July, which has been impossible to recover from, despite every effort." | "The business has suffered a rapid and catastrophic collapse in orders since the middle of July, which has been impossible to recover from, despite every effort." |
| He said Triumph had enjoyed "incredible loyalty and support" from the people of Merthyr Tydfil and the surrounding valleys, which has been a "key element" in its success and longevity. | He said Triumph had enjoyed "incredible loyalty and support" from the people of Merthyr Tydfil and the surrounding valleys, which has been a "key element" in its success and longevity. |
| 'Especially sad' | 'Especially sad' |
| "All connected with the business over these years should be very proud of what has been achieved," he added. | "All connected with the business over these years should be very proud of what has been achieved," he added. |
| Administrator Huw Powell, of Begbies Traynor, said attempts were made to secure major customer backing and additional funding to support a restructure or sale of the business. | Administrator Huw Powell, of Begbies Traynor, said attempts were made to secure major customer backing and additional funding to support a restructure or sale of the business. |
| But he added: "Due to the speed at which order levels reduced, these efforts ultimately proved unsuccessful before funding ran out." | But he added: "Due to the speed at which order levels reduced, these efforts ultimately proved unsuccessful before funding ran out." |
| Administrators are now working with staff to help them access support. | Administrators are now working with staff to help them access support. |
| Mr Powell said: "It is especially sad to see such a prominent business fail when there are so many redundancies involved. | Mr Powell said: "It is especially sad to see such a prominent business fail when there are so many redundancies involved. |
| "We know this will be devastating news for those concerned." | "We know this will be devastating news for those concerned." |