Troubled Carpet Manufacturer Teeters On the Brink of Collapse
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Summary
STODDARD International, the troubled Kilmarnock-based carpet manufacturer, was teetering on the brink last night after admitting it "cannot be certain" of securing a life-saving refinancing deal with its bankers.
This statement is likely to unnerve the hundreds of current and past employees who are members of Stoddard's deficit-hit pension scheme.See the full content of this document
Extract
Troubled Carpet Manufacturer Teeters On the Brink of Collapse
The company, which employs 500 workers, is Scotland's oldest carpetmaker, tracing its roots back to 1837, whe...
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