Dearne carpet stores avoid cuts

Published on 04/09/2012 09:09

BOSSES at a carpet firm which has suspended its shares have made assurances that their two Dearne stores will remain open.

Rotherham-based United Carpets have shut six of their stores and a further eight are also set to close in the coming weeks as part of a review of their 85 outlets.

But the firm’s branches in Mexborough and Parkgate will not be affected by the cuts.

Finance Director Ian Bowness said: “Both those sites are successful stores and long may it continue. They are not affected by the changes.”

The company’s decision to suspend its shares came as a result of the board not being in a position to publish its 2011/2012 year end financial results by September 30.

Instead it will extend its accounting date by six months, to cover an 18-month trading period, and intends to publish the figures before 31 January next year.

A company statement said: “The board believes that not taking this step would result in a set of accounts which would not give a truly representative picture of the ongoing operations.”

The firm hopes to re-open their shares once the latest accounts are published.

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Dearne carpet stores avoid cuts

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