MORE than 1800 jobs are at risk as carpet and flooring giant Carpetright is set to enter administration.
The retailer, which according to its website has 24 sites across Scotland and 271 across the whole of the UK, has filed a notice of intent to appoint administrators.
It is understood that experts from PwC are to be appointed as part of the process, who will seek to find emergency funding or a rescue buyer for the troubled business.
Once a notice of intent to appoint administrators is filed, it gives companies around 10 days in which it can attempt to avoid insolvency.
The company, which employs 1852 people, is currently continuing to trade as normal.
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Carpetright, which is owned by Nestware Holdings, has suffered from weaker demand for carpets as homeowners shifted towards hard flooring as well as a major cyberattack in April which halted trading.
It said the software attack’s impact of sales affected efforts by the company to restructure its operations in recent months.
Kevin Barrett, chief executive officer of Nestware Holdings, said: “We remain focused on securing external investment to ensure as few customers and colleagues are impacted as possible.
“They are our main priority and we are taking all appropriate action to make sure they are informed and supported through this process.
“We have begun promising conversations with interested parties that are moving in the right direction, encouraging us that Carpetright has a viable future.”
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