A well-established British furniture company has laid off employees due to entering administration. Airsprung, a renowned mattress and bed manufacturer with a 150-year history, had to make 71 staff redundant. The decision to enter administration was made by directors facing challenging trading conditions and cashflow issues.

The administrators from PwC expressed that they had no alternative but to place the company in administration. They assured to provide support to employees during this challenging period. Airsprung, known for its production of beds and mattresses in Trowbridge for over a century, operates a large facility capable of manufacturing over 2,000 mattresses daily.

The company also supplies beds for hotels and filling for sports stadiums under its Gainsborough and Airofreem brands, catering to retailers like Dunelm and Asda. Originally founded as Chapmans of Trowbridge in 1871, Airsprung has a rich history, even having supplied a bed to 10 Downing Street in 1957.

In response to the administration, CEO and Director Tean Dallaway expressed disappointment, thanking customers, suppliers, and employees for their long-standing support and hard work. This incident follows the recent liquidation of a well-established UK-based tyre garage, Loughton Tyres, in Essex, which had been operating since 1987. The closure took effect on April 2, with joint liquidators appointed, leaving the number of affected jobs uncertain.