A prominent British furniture company has laid off employees due to entering administration. Airsprung, a mattress and bed producer with a 150-year history, made 71 staff redundant following the administration process. The company’s directors, as stated by administrators from PwC, had no alternative but to place the firm under administration. They assured to assist employees during this challenging phase, which comes after years of tough market conditions and financial struggles.
Airsprung, renowned for manufacturing beds and mattresses for over a century at its Trowbridge plant, operates a vast facility capable of producing more than 2,000 mattresses daily. The company also supplies beds to hotels and sports stadium seating under the Gainsborough and Airofreem brands, with products retailed by stores like Dunelm and Asda.
Originally established as Chapmans of Trowbridge in 1871, Airsprung even supplied a bed to 10 Downing Street in 1957. Joint administrator Edward Williams expressed regret over the company’s administration, emphasizing the long-standing history and iconic brands associated with Airsprung.
CEO and Director Tean Dallaway conveyed disappointment over the administration, thanking customers, suppliers, and employees for their support. In a similar vein, a UK-based tyre garage, Loughton Tyres, entered liquidation after operating since 1987. The company, known for its strong community reputation and exceptional service, saw its closure formalized on April 2, with liquidators appointed the same day. The number of potential job losses remains uncertain at this stage.