Tapi Carpets paid £3.7m for Carpetright stock and store leases following the chain’s collapse in July.

Restructuring advisers have revealed the terms for one of the two transactions that came after the collapse of the flooring giant last month, according to The Furnishing Report.

Carpetright was placed into administration in July, with Tapi snapping up its intellectual property, two warehouses and more than a fifth of stores. However, more than 1,000 jobs were lost.

Tapi previously said that saving the entire business was “unviable” as Carpetright had been materially loss making for a number of years and had racked up “significant debt”.

It added it had been mindful of how the Competition and Markets Authority (CMA) would view a larger deal.

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