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Allied Carpets in administration Allied Carpets in administration
(10 minutes later)
Allied Carpets has gone into administration, but 400 jobs have been saved as some of its stores have been sold immediately. Allied Carpets has gone into administration, as the stagnating housing market led to a fall in demand for carpets and flooring.
The firm has appointed accountants BDO Stoy Hayward as administrators. But 51 of its 217 stores and its insurance business have been sold immediately, saving 400 jobs, administrator BDO Stoy Hayward said.
BDO said that 51 stores and Allied Carpets' insurance business, which together employ 400 people, had been sold to Allied Carpets Retail Limited. All stores are trading normally and outstanding customer orders will be fulfilled in all stores, it said.
Allied had 217 UK stores and employed 1,500 staff. Outstanding customer orders will be fulfilled in all stores. Deposits are safe but anyone with queries should contact a local store.
Customer deposits are safeguarded, but customers who have any queries about purchases should contact their local store, BDO said. Allied employed 1,500 staff in the UK.
Dermot Power, business restructuring partner at BDO, said that, like many companies, Allied Carpets had suffered in difficult trading conditions.Dermot Power, business restructuring partner at BDO, said that, like many companies, Allied Carpets had suffered in difficult trading conditions.
"The stagnation of the housing market has meant that fewer people are buying carpets and flooring," he said."The stagnation of the housing market has meant that fewer people are buying carpets and flooring," he said.
"We are currently working to secure a going-concern sale of the remaining stores in the Allied Carpets portfolio.""We are currently working to secure a going-concern sale of the remaining stores in the Allied Carpets portfolio."