Overview
- Airsprung, which appointed PwC as joint administrators on May 1, reduced its 202-strong workforce by 71 and moved to keep trading under administration.
- Joint administrators Edward Williams and Ross Connock said years of weak trading and recent cashflow strain left directors with no alternative to administration.
- The remaining 131 employees are running day-to-day operations while administrators work with customers to complete outstanding orders.
- PwC is inviting interest in the business and assets and is helping redundant staff make claims through the Redundancy Payments Service.
- The 150-year-old Trowbridge manufacturer supplies major retailers such as Argos and Dunelm and has capacity to produce more than 2,000 mattresses a day.