Longwell Green branch of Carpetright saved after company goes into administration

The Longwell Green branch has been saved

The Longwell Green branch of Carpetright is one of the stores saved in a rescue deal after the company went into administration.

More than 200 stores have closed including the one at Mero Retail Park on Lower Bristol Road in Bath.

The administrators say they have completed a sale of 54 stores and two logistics hubs to CWHP Ltd, part of the Tapi Group.

This saves the brand and the jobs of more than 300 staff but at least 1,000 jobs are lost.

Among the stores being transferred to flooring retailer Tapi are the ones at Aldermoor Way in Longwell Green, Spitfire Retail Park in Trowbridge and Bath Road in Chippenham.

The Bristol Eagleswood Warehouse at Bradley Stoke is also on the transfer list of administrators PriceWaterhouseCooper (PwC).

Alongside Bath, other stores to close in the region include Centaurus Road in Cribbs Causeway, and the branches in Frome and Devizes.

Carpetright, which had its headquarters in Purfleet in Essex, was founded in 1988 and sold carpets, flooring and beds. Owned by Nestware Holdings, it filed a notice to appoint administrators last month.

The company had been hit by challenging trading conditions, predominantly due to changing consumer preferences and a drop in home improvement spending post-pandemic.

The business was also impacted by a cyber-attack in April of this year which left it unable to trade for a period of time.