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SFP has been appointed as administrator of Woven Carpets of Kidderminster Ltd after the firm encountered financial difficulties, leading to debts of £700,000. Woven Carpets, based in Stourport-on-Severn, Worcestershire, is a designer and manufacturer of woven carpets. The company employs 69 people and has an annual turnover of approximately £3,500,000. Simon Plant, group partner at SFP, said: “Woven Carpets experienced a reduction of orders which led to cashflow problems. The company is continuing to trade to maintain goodwill, and we are in talks with a number of potentially interested parties for the sale of the business and assets.” Other Business Money News
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