Sam Emanuel Three Norfolk stores have been closed after the administrators of troubled retail chain Allied Carpets were unable to sell the majority of its branches.
Sam Emanuel
Three Norfolk stores have been closed after the administrators of troubled retail chain Allied Carpets were unable to sell the majority of its branches.
Its stores in Norwich, Yarmouth and King's Lynn are among 142 closing nationally with the loss of more than 850 jobs.
The stores were all closed by yesterday but the future of around another 120 jobs still hangs in the balance as administrators BDO Stoy Hayward seeks to offload the remaining 20 outlets.
Dermot Power, business restructuring partner at BDO, said: “Although we have had a strong level of initial interest in the portfolio, the common concern has been around the lack of visibility of future turnover.
“In addition, many of those who operate in the same industry haven't been comfortable taking the step to extend their current portfolio in such a tough trading climate.”
Allied Carpets went into administration last month, with 21,000 orders still outstanding. BDO said it was making good progress finishing the orders, with 16,000 fulfilled so far, and aims to ensure all are completed eventually.
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