Carpetright has called in the administrators in an attempt to save the company, with up to 3,000 jobs at risk if the Purfleet-on-Thames-based business can’t find a buyer.
According to reports, administrators from PwC are in talks with competitor The Floor Room, as well as FTSE 100-listed B&Q owner Kingfisher plc.
The Times earlier this week reported that Carpetright was seeking a buyer.
Under administration rules, Carpetright, which is owned by Nestware Holdings Limited (which is part of The Meditor Group), has 10 days to secure a buyer.
Carpetright was previously listed on the London Stock Exchange before succumbing to a takeover bid from The Meditor Group in 2019.
The Sun earlier reported on the administration, quoting one insider as saying the business was “a real mess”.