Carpetright, with stores in Ipswich, Bury St Edmunds, Newmarket, Lowestoft and Sudbury, set to enter administration – with over 1,800 jobs at risk

More than 1,800 jobs are at risk as Carpetright is set to enter administration.

The carpet and flooring retailer has filed a notice of intent to appoint administrators.

PwC are set to be appointed as part of the process, who will seek to find emergency funding or a rescue buyer for the troubled business.

Once a notice of intent to appoint administrators is filed, it gives companies around 10 days in which it can attempt to avoid insolvency.

Carpetright operates six stores in Suffolk: two in Ipswich, one in Bury St Edmunds, Newmarket, one in Lowestoft and one in Sudbury.

Carpetright, which is owned by Nestware Holdings, has suffered from weaker demand for carpets as homeowners shifted towards hard flooring as well as a major cyberattack in April which halted trading.