A HISTORIC Blackburn carpet firm has been formally dissolved — two years after it was placed into administration.

Leo’s was founded by businessman Leo Flood and was based in Preston Old Road, Cherry Tree, for almost 40 years.

It collapsed in October 2008, and more than 40 people were made redundant.

A new firm, Holt’s of Cherry Tree, now operates from the premises, while Mr Flood’s sons have opened Carpets and Flooring by Leo in Whalley New Road, Roe Lee.