9 February 2010, Long
Eaton, Derbyshire – Leading UK warp and weft knitter Nylatex, which supplied
the fabric for England's football team for the 2006 World Cup, has gone into
administration with the loss of 80 jobs. The former Courtaulds company based at
Acton Road, has made all of its staff redundant after a decision to cease
trading last Wednesday.
The company was originally Penn Nyla which was formed by the
merger of Derby Nyla and Penn International and was part of Courtaulds
International Fabrics. In 2000 Courtaulds Textiles and Penn Nyla were acquired
by Sara Lee. Penn Nyla was subsequently sold to the UK Investment group Harris
Watson in August 2001 and in December 2003 the company was the subject of a
management buyout and subsequently changed its name to Nylatex.
Administrators RSM Tenon, confirmed to local reporters that all
staff had been made redundant and said the closure was due to a significant
downturn in demand during the recession, with the company’s key customers
cutting back orders. This is despite an injection of more than £9 million in to
the business in the past two years.
Nylatex is a vertically integrated fabric manufacturing
business, incorporating warping, warp and weft knitting, dyeing, finishing
through to distribution. The company is one of the UK’s leading manufacturers
of warp and weft knitted, stretch and non-stretch (rigid) fabrics, operating in
sportswear, intimate apparel and technical textile markets. The company had an exceptional
reputation in fabric innovation, service and delivery.
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