Carpetright store in Southampton will close after administration

The company’s brand name has been bought by Tapi Carpets & Floor, along with its intellectual property, two warehouses and 58 stores saving over 300 jobs.

It means Carpetright stores in Nursling and Fareham will close after not being saved.

But its store in Hedge End will be saved and will close to be transformed into a Tapi Carpets retailer.

The company has said it is “desperately sad” not to be able to save more of the business and customer orders but it said that saving the entire business was “unviable”.

READ MORE: More than 1,800 jobs at risk as Carpetright goes into administration

Carpetright on Nursling Industrial Estate (Image: NQ, Jose Ramos)

Jeevan Karir, managing director of Tapi Carpets & Floors Limited said: “Our goal, initially, was to try to save all of Carpetright.

“However, as we looked into the details of the situation, we quickly established that saving the entire business was unviable.

“The business has been materially loss-making for a number of years and it has significant debt held by the owner.

“We then turned ourselves to trying to save a number of stores whilst being mindful of how the Competition authorities would look at any deal.

“So, we arrived at 54 stores and 2 supporting warehouses. All of which are exceptional and that we’d be proud to have as part of the Tapi family.”

In the 48 hours before the administration happened, Tapi funded a service offering free employment workshops covering CV preparation, interview skills and job search strategies.

It has also contacted as many retailers as possible to help introduce affected Carpetright staff to new roles, asking if these can have their application prioritised, helping them return to work as quickly as possible.