Business News Local News

Carpetright Andover escapes closure as company enters CVA

Carpetright Andover (image courtesy of Google Map)

Carpetright in Andover is not one of the 81 stores expected to close in September this year after the company entered Company Voluntary Arrangement (CVA).

A statement on the company’s website today (Thursday 12th April) outlines the CVA and lists the stores expected to close with 11 already having ceased trading. A total of around 300 jobs are expected to go.

If you have any orders with Carpetright you can find out more at the company’s website: www.carpetright.co.uk/cva

Carpetright Statement in Full

As of today, 12th April 2018, Carpetright plc is entering into a Company Voluntary Arrangement or ‘CVA’, and, if the CVA is approved we expect to close 81 stores in September 2018, you may find the list of potential closure stores below.

Planned closures will not affect any orders you might have placed with us and all orders will be fulfilled. If you have placed an order with a store that is set to close the store team will endeavour to complete your order before September. Should that not be possible, your order will be transferred to the nearest Carpetright store and the team will write to you with revised contact details.

There are currently over 400 Carpetright stores across the UK including many instances where our stores are less than five miles apart, and, with more and more customers choosing to shop online, this simply isn’t sustainable for us. Following these potential closures, we will still retain a retail estate of approximately 300 stores so it’s likely that most customers will still have a Carpetright store nearby.

The objective of the CVA is to establish a right-sized and right-rented estate of contemporary stores, complemented with a strong online offer, and it’s our belief that this is the best solution for our business and our customers. The CVA process will take some time to complete and we expect to be able to confirm the store closures within six weeks.

Should you have any queries at all please don’t hesitate to contact us, for queries relating to an outstanding order please contact your local store, for anything else please contact our Customer Services Team.

On Air Now