Home / Knowledge / News / Textiles / Blackburn firm enters sell-off, pushing 120 jobs at stake
Blackburn firm enters sell-off, pushing 120 jobs at stake
15
Jul '10
Dutton Carpets producer from Blackburn, a leading firm in carpet manufacturing, has entered administration, putting 120 jobs at stake. This announcement has come in merely days after tax bosses notified the firm owners with winding-up orders.

However, joint administrators, Christopher Ratten and Jeremy Woodside from recovery division of RSM Tenon are currently hunting for buyers, as union leaders try warding off the state of unemployment at the firm.

Simon Walsh, GMB Union Officer, while addressing the administrators mentioned that, his meet with the administrators was to receive an assurance that no employee loses his or her job immediately. Although, for workers the state will remain of ambiguity, until someone buys off Dutton Carpets.

Formed in 1979, Dutton was UK's biggest independent commission producer of carpet carpet-based goods. But during the recent years, the firm, owned by Chairman, Alan Booth had been going through tough times.

For the year ending March 31, 2009, Dutton Carpets incurred pre-tax loss of £311,000, which was a slump from the figure, £321,000, which was recorded same month in 2008. The firm blamed declining carpet market for incurring losses. More so, as per its financial reports, which were filed at Companies House, the firm owed £585,000 in social security and taxes.

The firm was undergoing troubled times, with respect to cash inflows, leading to HMRC notifying the firm with a winding up order, as they failed to pay the Crown debt, informed Ratten.

Further more, Ratten concluded by saying that, Dutton Carpets was a productive, practical and important business in the Blackburn and Darwen areas, and if a right buyer comes along, the firm can still continue to have a bright future.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search