Pertex Makers In Receivership

Bad news for Perseverance Mills, the Lancashire-based manufacturers of the legendary Pertex fabrics, with the company going into receivership last week.

PKF accountants have been appointed as receivers and are looking for a buyer for the business as a going concern. As well as Pertex, Perseverance Mills is also the world's largest manufacturer of parachute material.

Some 70 per-cent of the company's business consists of exports and the fierce competition from abroad coupled with the relatively high exchange rate of the pound is apparently at the root of the problem.

Bad news for a company that's a legend in the outdoors world thanks to Pertex. We hope for the sake of walkers and climbers everywhere and the company's 205 employees that a buyer is found. More details at the Manufacturing Talk web site.