In February, Pittards warned that pretax profit for 2022 would fall short of market expectations, as a "number of factors" hurt its performance in the latter part of the year. It took a USD1.5 million hit in the latter part of the year, stemming from post-mini-budget pound weakness hurting its UK business, amid a dollar-denominated overdraft and maturing hedges. The cottage was superb - great location, comfortable furnishings, excellent equipment and scrupulously clean." When that was resolved in 2005 the new management team was left with a precarious legacy. A weak balance sheet and a high-risk strategic position.

The owners, Vivienne & Hugh are lovely & made me feel welcome. I mentioned I was keen on walking so they provided me with some local guide books that I made use of. The surrounding areas are very quiet & enjoyed the local walks, even seeing some deer on one of the days. I would thoroughly recommend this cottage & hope I have the opportunity of a return stay. Vivienne and Hugh are the perfect host's. The kitchen was very well equipped and bed linen and towels were of fantastic quality. There is so much to do in the area and will definitely book a return visit Pittards, which began as a glove factory in 1826, is a solidly traditional establishment where desks with computers are outnumbered by those with ledgers and calculators. Diana on the front desk has worked for the company for 54 years. Pittards expects that the proceeds will allow the company to continue to manage its working capital until at least the end of May, during which time it expects to have agreed new bank facilities with either Lloyds or an alternative provider.A serious and thoughtful bank that worked with its clients would not have pushed Pittards to the brink but enlarged its facilities freeing a well led management team to make a great success. As the last remaining European banks return to their pre-Covid dividend generosity, a new dynamic...

The cottage was all we had hoped for spotless on arrival and furnished to a high level with everything we needed for our break." Sign up to receive daily news updates and breaking news alerts straight to your inbox for free here.

In essence the property has been everything we could have wished for ..and some. The pictures don't do the property justice (please remember it's for 2 people in a country setting). We highly recommend Pittards Farm. Lucy Winterborne and Daniel Hurd of EY were then appointed as joint administrators on Monday, September 4. It was understood that Ms Winterborne and Mr Hurd were at an advanced stage of negotiations to sell the company's business and assets, including its Ethiopian subsidiaries. Complex and opaque supply chains have enabled abuse of the basic human rights of many of the world’s 85 million garment workers, by allowing the industry to evade responsibility. Brands outsource production to workplaces where they have little oversight, while consumers know little of where their clothes are made beyond a country name printed in a label. Last year, revelations of conditions in Leicester’s garment district, where employees were denied the minimum wage and faced unsafe working conditions during the pandemic, exposed the global scale of the scandal.