Carpetright in race for lifeline because it teeters on brink of collapse
- Carpetright plans to call in administrators – leaving almost 2,000 jobs in the lurch
Carpetright plans to call in administrators – leaving almost 2,000 jobs in the lurch.
The struggling flooring retailer, which has 272 stores and 1,852 staff in the UK, said a turnaround bid suffered a major setback after a cyber attack in April.
Yesterday, it filed a notice with the High Court to call in administrators – expected to be PwC – as it searched for investment.
![On the brink: The struggling flooring retailer, which has 272 stores and 1,852 staff in the UK, said a turnaround bid suffered a major setback after a cyber attack in April](https://i.dailymail.co.uk/1s/2024/07/12/20/87268391-13629309-image-m-61_1720811212029.jpg)
On the brink: The struggling flooring retailer, which has 272 stores and 1,852 staff in the UK, said a turnaround bid suffered a major setback after a cyber attack in April
It now has ten days’ protection from creditors and will continue to trade. Owner Nestware Holdings said it was in talks with interested parties and believed it had a ‘viable future’.
‘We remain focused on securing external investment,’ Kevin Barrett, boss of the parent group said.
Reports suggest it could be bought out in a pre-pack administration, where assets can be rescued by new owners without a long period in administration.
Administrators are talking to The Floor Room, also owned by Nestware, according to a report in The Times. B&Q owner Kingfisher is said to have been approached as have investment groups Alteri, Hilco and Gordon Brothers, reports said.
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