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Axminster faces administration as it seeks a buyer

JonathanYoungAxmAlmost four years to the day after being bought by wool supplier H Dawson, Axminster Carpets faces entering administration again.

It has filed a notice of intention to appoint administrators unless it can find a buyer.

The manufacturer fell into administration in March 2013 before management bought it the following month. 

In February 2016 H Dawson bought the company, which later secured £3.75m in funding from Independent Growth Finance.

Jonathan Young, Axminster Carpets md (picturd) says he is ‘encouraged by the level of interest in investing in our brand.’