The directors of Trowbridge, Wiltshire-based bed and upholstery manufacturer Airsprung Group plc and Airsprung Furniture Ltd report that they have filed a Notice of Intention to appoint administrators (NOI).
"There have been significant pressures faced in the sector, all of which have impacted Airsprung’s trading performance and have affected the cashflow position of the company," they state. "The directors are working with key stakeholders on options to preserve the company.
"Whilst these options are being progressed, the filing of an NOI provides the directors and the business some breathing space to see these options through."
The group manufactures white-label products alongside its Airsprung, Gainsborough and Airofreem brands.
