UK Flooring Direct acquired by Carpetright owner
UK Flooring Direct has been acquired by Keswick Flooring, a subsidiary of Nestware Holdings, from administrator Teneo Financial Advisory.
The move has saved 85 jobs at the Coventry-based online business which sells flooring ranging from solid wood and laminate to luxury vinyl tiles.
Joint administrator Paul Meadows said: “I’m very pleased that, following an accelerated sale process run by our special situations M&A team, we have been able to secure a future for UK Flooring Direct.
“The sale safeguards all of UKFD’s 85 employees in Coventry and gives the business the strategic backing it requires to fulfil its ambitions.”
Never Miss a Retail Update!As part of the agreement, any outstanding customer orders will be fulfilled.
UK Flooring Direct chief executive Jason Ashby said: “I’m pleased to say that we’ve found in Nestware an ideal partner to continue our long-standing heritage as a leading provider of flooring to the UK consumer and trade markets.”
Nestware Holdings owns a range of flooring businesses including Carpetright and Flooring Megastore.
