Kidderminster carpet firm reveals shock rise in losses
Historic Kidderminster carpet manufacturers Victoria today revealed a profits blow, announcing that its pre-tax losses for the last financial year will be higher than anticipated.
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The 118-year-old company, which employs 200 in the town, said the losses would be about £400,000 more than expected.
It is due to release its full results for the year to the end of March at the end of this month.
Following a struggle for control of the company throughout 2012, a consortium including former directors Alexander Anton and Geoffrey Wilding rejoined the company's board in October and chairman Katharine Innes Ker was removed from the board on October 3.
