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.
This a unique opportunity to acquire a thriving business in the growing telecare market, providing 4G personal alarms with a 24/7 monitored emergency response for the elderly and vulnerable.
RELOCATABLE
This established and ready-to-scale e-commerce furniture business offers unique design-led mid-market products and boasts strong relationships with major UK retailers.
This is a rare chance to acquire a thriving Italian restaurant in a prime Liverpool city centre location, known for its authentic cuisine and warm atmosphere that keeps customers returning.
LEASEHOLD
Looking for more businesses? Try our off-market tool.
|
09
|
|
Oct
|
NCP acquired out of administration by Martin Property Group | BUSINESS SALE
National Car Parks (NCP), one of the UK's largest parki...
|
09
|
|
Oct
|
VMH expands into commercial property with Orme Law deal | BUSINESS SALE
Edinburgh-based VMH Solicitors has acquired Falkirk commerci...
|
09
|
|
Oct
|
Rotherham accountancy practice merges with professional services firm | MERGER
An accountancy practice based in South Yorkshire has merged ...
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.