This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/uk-england-devon-21517018

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
Axminster Carpets in administration talks Axminster Carpets in administration talks
(35 minutes later)
Axminster Carpets, one of Devon's biggest employers, has applied to appoint administrators. Hundreds of jobs could be at risk after Axminster Carpets, one of Devon's biggest employers, applied to go into administration.
The 258-year-old firm, which employs about 400 staff, said trading had been "difficult". The firm, which was founded in 1755, employs about 400 staff, at its east Devon plant.
It said administration would provide the company and its creditors "with a moratorium period during which the various rescue options being explored can continue". It said administration would provide "a moratorium period during which the various rescue options being explored can continue".
The firm would go on trading, it said in a statement.The firm would go on trading, it said in a statement.
The company said it had filed notice of intention to appoint Benjamin Wiles, Geoff Bouchier and David Whitehouse of Duff & Phelps as joint administrators.
Company director Joshua Dutfield said managers had been "working with key suppliers, creditors and the lenders in an attempt to resolve the company's financial difficulties".
He said: "We continue to be committed to working to achieve the best possible outcome for all concerned and most importantly the staff and suppliers."