Summary
A LIFE-SAVING deal to rescue stricken Stoddard International, Scotland's oldest carpet-maker, is expected to be announced today - although the move could be scuppered if the potential buyer cannot raise enough money to satisfy creditors.
It has been almost six weeks since the Kilmarnock company collapsed with pounds-9m of debts and the receivers were called in following a failed attempt to secure last-minute finances.See the full content of this document
Extract
Stricken Carpet-Maker Close to Life-Saving Rescue Deal
An insider yesterday said: "A deal is very close and the receivers do have a prefer...
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