A major retailer with a Dunfermline store is set to enter administration putting the future of its more than 1,800 UK staff at risk.
Carpetright has filed a notice of intent to appoint administrators.
It is understood that experts from PwC are set to be appointed as part of the process, who will seek to find emergency funding or a rescue buyer for the troubled business.
READ MORE: Celebrations to take place to mark 60th birthday of Forth Road Bridge
Once a notice of intent to appoint administrators is filed, it gives companies around 10 days in which it can attempt to avoid insolvency.
The company operates 272 stores across the UK – including one on the Halbeath Retail Park – which are continuing to trade as normal.
Carpetright, which is owned by Nestware Holdings, has suffered from weaker demand for carpets as homeowners shifted towards hard flooring as well as a major cyberattack in April which halted trading.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here