A prominent British furniture company has laid off employees due to entering administration. Airsprung, a manufacturer of mattresses and beds with a 150-year history, had to make 71 staff redundant following the administration process. The decision was made by administrators from PwC, citing challenging trading conditions and cashflow issues. The company, known for its production of beds and mattresses in Trowbridge, operates a large facility capable of manufacturing over 2,000 mattresses daily.
Airsprung also supplies beds to hotels and materials for sports stadium seating under brands like Gainsborough and Airofreem. The company’s products are featured in retail stores such as Dunelm and Asda. Established as Chapmans of Trowbridge in 1871, Airsprung has a rich history, having even provided a bed to 10 Downing Street in 1957.
Joint administrator Edward Williams expressed regret over the situation, emphasizing the company’s long-standing presence in the mattress and bed industry. CEO Tean Dallaway acknowledged the support from customers, suppliers, and employees over the years. The news comes after a tire garage in the UK, Loughton Tyres, entered liquidation after operating since 1987. Known for its strong local reputation, the garage faced wind-up resolutions effective in April, with the appointment of liquidators.
The London Gazette published the notice of liquidation, with uncertainties regarding job losses. Ninos Koumettou and Constantinos Pedhiou were named as joint liquidators. The Express reported on the unfolding situation concerning the potential impact on jobs at the tire garage.
