{"id":2113854,"date":"2026-08-12T13:47:40","date_gmt":"2026-08-12T12:47:40","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/eastmidlands\/?p=2113854"},"modified":"2026-08-12T13:47:40","modified_gmt":"2026-08-12T12:47:40","slug":"fabric-firm%e2%80%99s-future-hangs-by-a-thread-as-administration-looms","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/eastmidlands\/news\/2113854-fabric-firm%e2%80%99s-future-hangs-by-a-thread-as-administration-looms","title":{"rendered":"Fabric firm\u2019s future hangs by a thread as administration looms"},"content":{"rendered":"

Family-run fashion fabric supplier New Wave, which has more than 20 years\u2019 industry experience, is facing the prospect of administration.<\/p>\n

The Leicester-based business has supplied materials to hundreds of fashion brands, manufacturers and factories internationally, with customers including ASOS, PrettyLittleThing, the Boohoo Group, New Look and Roman Originals.<\/p>\n

It specialises in sourcing fabrics for fashion businesses, using its industry knowledge to identify materials and trends for customers.<\/p>\n

Schofield Sweeney is understood to be advising on the potential appointment of administrators.<\/p>\n

New Wave\u2019s latest accounts, covering the year to March 2025, show the business employed five people.<\/p>\n

The potential administration comes amid continued pressure across the fashion supply chain, with businesses facing challenging consumer demand and rising operating costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Customers of the Leicester company include ASOS, PrettyLittleThing, the Boohoo Group, New Look and Roman Originals<\/p>\n","protected":false},"author":266702,"featured_media":2113855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53262],"coauthors":[127717],"class_list":["post-2113854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-leicestershire","tag-top-story"],"yoast_head":"\nFabric firm\u2019s future hangs by a thread as administration looms | TheBusinessDesk.com<\/title>\n<meta name=\"description\" content=\"Customers of the Leicester company include ASOS, PrettyLittleThing, the Boohoo Group, New Look and Roman Originals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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