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Carpetright owner Nestware takes £10.8m hit from The Floor Room administration

Carpetright owner Nestware takes £10.8m hit from The Floor Room administration

Carpetright owner Nestware has taken a £10.8m hit from the closure of its The Floor Room business.

The group put the upmarket flooring provider into administration at the start of August, resulting in 201 jobs losses.

The Floor Room was the sole provider of flooring and related products in all John Lewis department stores since May 2023 and operated one standalone London shop.

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At the time of its administration, the retailer had an intercompany loan balance of £10.8m.

Nestware was also forced to write off £175.4m related to its Carpetright business, which it also placed into administration in late July.

The group said the sum, which included a £120m revolving credit facility and £54.7m in loans, had been deemed “irrecoverable”.

Carpetright owed at least 11 retail businesses including B&M, Furniture Village and Lidl nearly £3.5m in outstanding rent charges and some 21,000 customers £8m in outstanding orders.

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