Page last updated at 17:00 GMT, Friday, 11 July 2008 18:00 UK

Jobs under threat at textile firm

One of east Lancashire's oldest and largest textile companies has gone into administration, threatening 80 jobs.

The Hilden Manufacturing firm in Accrington, which imports and finishes linen, was established in 1874.

It is run by descendents of textile pioneer James Hargreaves, inventor of the Spinning Jenny - a wheel used to spin cotton into thread.

The business, part of Oswaldtwistle Mills, is still trading while the administrators look for a buyer.

Hilden imports and finishes bed table and bathroom linen and is a supplier to hotels restaurants and hospitals.

The firm has an annual turnover of 15m and administrators from Ernst and Young are looking to sell it as a going concern.

The company is still trading and Oswaldtwhistle Mills is open for business as normal.

Tom Jack, from Ernst and Young, said: "We are grateful for the continued support of the company's customers, suppliers and employees as we assess the situation at this early stage.

"We are already aware of strong interest in the company as we explore a sale of the business and assets as a going concern."




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