IT looks likely Woodeaves factory in Lancaster will finally be saved at a special meeting on Monday.

More than 100 jobs were first saved at the factory back in March in a management buy-out of the Caton Road textiles factory.

But not long afterwards the company had to be taken over by administrators as the new management team ran into trouble with their creditors.

Unions were outraged when 30 workers were told they had just ten minutes to get out and not return as management were forced to cut back on jobs.

Now, months later, the administrator put in charge of Woodeaves, Paul Keeley of BDO Stoy Haywood, was optimistic the troubled company would be able to operate as a going concern once again.

The administrators, factory managers and the creditors will meet on Monday to discuss the arrangements between them. He explained: "It's all subject to what is agreed in the meeting.

"I'm optimistic that everything will be OK and the factory will be able to run as a going concern from then on. If everything does go well, the same people will stay in charge." Woodeaves manufactures household and clothing textiles including curtain material, upholstery and clothing fabric. It was first threatened with closure in January but management saved it in a dramatic buy-out towards the end of March as was exclusively revealed in The Citizen. About 70 people still work at the factory after administrators shed the 30 jobs.

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