Fri, 16 Jul 2010 | ADMINISTRATION
Carpet manufacturer Dutton Carpets has entered administration, shortly after HM Revenue and Customs put in a request for it to be wound up due to unpaid tax bills.
Christopher Ratten and Jeremy Woodside of RSM Tenon have been called in to act as administrator and are now on the hunt for a buyer, while union leaders fight to prevent job losses at the Lancashire-based firm.
Dutton's recorded accounts reveal a recent history of financial strife; it made pre-tax losses of £311,000 for the year to March 31 2009, down from £321,000 for the same period in 2008. In addition, £585,000 was owed in taxes and social security.
Of the firm, administrator Mr Ratten said, "Dutton Carpets is a productive, viable and important business in the Blackburn and Darwen area, and it still has a bright future if the right buyer can be found."
The demise of the company has inspired local MPs to help. Damien Talbot, who represents Mill Hill on Blackburn with Darwen Council, commented: "Dutton Carpets in an important employer in the area so I would be extremely concerned about losing that company."
"If I can do anything to help I will."
Established in 1979, Dutton considers itself to be the biggest "independent commission manufacturer of carpet and carpet products" in Britain. It employs 120 people.
The business operates in the UK with an international presence and specialises in providing comprehensive recruitment solutions to customers in the technical sector.
The company has traded for 16 years, based in the Northwest and operating nationally providing temporary staff to large corporate clients.
The company is well-established and operates from a third party owned quarry in Lincolnshire. The business quarries, manufactures and supplies a range of aggregate products, gabion stone and provides associated products and services throughout the Un...
28
|
Nov
|
Powertrain specialist Lancereal drives forward with MBO | MBO/MBI
A four decades strong powertrain specialist has undergone a ...
27
|
Nov
|
Debt collectors BPO take out loan to buy rival | BUSINESS SALE
Ayrshire-based debt recovery firm BPO Collections has receiv...
27
|
Nov
|
Brighton i360 looking for new owners | ADMINISTRATION
The company behind Brighton’s i360 viewing pod has fil...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.