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Axminster Carpets: Carpet Maker Seeks Rescue Deal

In the News

Axminster Carpets is in rescue talks with potential buyers, as first reported by Sky News.

The 265-year-old royal warrant holder filed a notice of intention to appoint administrators on Wednesday.

https://www.bbc.co.uk/news/business-51391765

tumblespots
15 days ago
What do you think of this?
BonzoBanana
BonzoBanana15 days ago

A real shame, we really need to sort out our tax system to make manufacturing far cheaper in this country. Taxes should be based on taxing profits, not just adding costs making manufacturing uneconomic. If a company makes no profit because its growing and ploughing back its money into expansion and R&D then we really shouldn't be taxing it. We will still get tax revenue from workers and retail sales of the products. Business rates are often ridiculous and hugely damaging to industry. Axminster isn't that far from me, 30 miles or so, I've never stopped in the town but passed through it a few times.

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