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Light at the end of the tunnel for Axminster

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An unapologetically random collection of our thoughts and observations on the wild, exciting and perilous world of carpet tiles

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Light at the end of the tunnel for Axminster

Regular readers of our blog will have been watching the events at Axminster unfold with devastating effects. Already there have been job losses and as the company formally entered administration, rumours circulated that this could be the end of the once revered company.

As suitors such as the American giant Carlyle decided against buying the business, the omens weren’t looking too good for Axminster.

However we are glad to report that there appears to be another option on the table thanks to the efforts of the Managing Director, Josh Dutfield. Mr Dutfield is leading a buyout with financial backing from a local businessman, Stephen Boyd. Mr Boyd is a key component in Pittards, a company who specialise in leather goods who operate in the same locality as Axminster. Also involved are Centric Commercial Finance whose forte is investing in small firms and helping them turn around.

As of yet there haven’t been any official quotes from either Mr Dutfield or Mr Boyd, but what is clear is that there is a real sense of community spirit backed by a belief in the Axminster name and product.

Could this be the final piece of the jigsaw that saves the last remaining 100 jobs and secures the future of Axminster?
 

 

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