Worcestershire based carpet manufacturer Carpets of Kidderminster has fallen into administration and expects to shed 50 jobs.
The company, first founded in 1934, specialises in Axminster, woven carpets and supplies both the commercial and residential markets.
In a statement on its website, the firm said: “Andrew Fender was appointed administrator on August 16. The administrator now manages the affairs, business and property of the company. The administrator acts as agent only and without personal liability.”
Managing director David Watts maintained that the firm, which employs over 170 people in all, still has “a long and viable future” and said the production team have identified efficiency savings to bring the company back to profitability in the short term.