Textiles Direct which has store in Scunthorpe reportedly goes into administration
There are reports that Textiles Direct has gone into administration, putting jobs in Scunthorpe and its other 52 stores nationwide at risk.
The company has a store in the Foundry Shopping Centre in Scunthorpe.
A source said staff have been told to carry on trading as normal.
The staff have been given a notice which said: "It is a shame this has happened, as we are well loved in Scunthorpe."
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The Scunthorpe store is believed to have five members of staff.
A spokeswoman for the Foundary said: "We are aware that the company has served notice to appoint an administration agent."
Textiles Direct are yet to confirm the news.