CARPETRIGHT has announced it will shut a further 81 stores under restructuring plans including its Bury base.

A total of 92 stores will shut under its rescue plans, of which 11 have already stopped trading.

Bury's Carpetright, at Moorgate Retail Park, is one of those earmarked to close under a company voluntary arrangement (CVA).

Staff at the Bury store face job losses after it was announced that around 300 jobs are to be axed. A Carpetright spokeswoman said the store was not in a position to disclose any specific job loss numbers by area at this stage.

The floor covering retail giant said the closures are "necessary" to secure the future of the firm.

A Carpetright spokeswoman said: "We’re announcing today some tough but necessary steps to address our legacy property issues and restore our profitability. We are launching a CVA proposal that, if approved, will result in the closure of 81 poorly located or over-rented stores, from a UK total in excess of 400, later this year.

"Planned closures will not affect our customers, all orders will be fulfilled either by the original store or a neighbouring Carpetright where necessary."

The group — which has more than 400 stores and employs nearly 2,700 staff in total — also confirmed an investor cash-call to raise around £60 million through a rights issue to put the company on a firmer financial footing.

The firm's spokeswoman said: "Regrettably, we expect this will mean that around 300 colleagues would leave the business but we will make every effort to find alternative roles for those affected wherever possible.

"We’re also announcing that we plan to follow the CVA with an equity financing to raise £60 million of new funds to invest in our stores and online offer, to strengthen the competitive position of the ongoing business.

"It’s important to stress that throughout the CVA process, we will continue trading as normal and customers can continue to shop with Carpetright with confidence. We do not expect the proposed stores to close before September 2018.

"We will remain in close contact with all colleagues to keep them fully informed as we move through this process."

The full list of Carpetright stores set to close is included below:

- Ayr

- Ballymena

- Bangor, Northern Ireland

- Barnsley

- Beckton

- Belfast, Newtownabbey

- Bicester

- Birmingham, Stechford

- Blackwood

- Bodmin

- Borehamwood

- Burgess Hill

- Burnley

- Bury

- Caerphilly

- Catford

- Coleraine

- Derry/Londonderry

- Dudley

- East Grinstead

- Edinburgh, Leith

- Exeter

- Exmouth

- Falkirk

- Folkestone

- Fraserburgh

- Glasgow, Great Western Road

- Glasgow, Parkhead Forge

- Gloucester

- Great Yarmouth

- Greenock

- Guildford

- Hamilton - Carpetright and Sleepright

- Harrogate

- Hayes

- Hitchin

- Honiton

- Huddersfield

- Inverness, Merkinch

- Kidderminster

- King's Lynn

- Launceston

- Leeds, Birstall

- Leeds, Hunslet

- Lewes

- Lichfield

- Lincoln

- Livingston

- Llanelli

- Luton

- Maidenhead

- Neath

- Oldham

- Putney

- Reading, Oxford Road

- Redhill

- Renfrew

- Scarborough

- Scunthorpe

- Sheffield, Meadowhall

- South Shields

- St Austell

- St Helens

- Stafford

- Stanmore

- Stratford-upon-Avon

- Streatham Common

- Strood

- Sunderland, Castletown

- Telford

- Thanet

- Thornton Heath - Carpetright and Sleepright

- Tiverton

- Wakefield, Cathedral

- Wakefield, Westgate (Storeys)

- Walsall

- Warminster

- Wigan, Robin Park

- Wishaw

- York, Foss Island