Allied Carpets operations director Dean Weston is understood to have led Savana Trading’s purchase of the retailer, which was completed on Monday.

Sources told Retail Week Weston was behind the deal, thought to be a management buyout.

Savana, the new company, which was set up last month, bought Allied Carpets for an undisclosed sum from restructuring firm Hilco.

On Wednesday, Savana Trading changed its name to Allied Floors, according to documents filed at Companies House, and Weston is named as a director.

Under the terms of the deal, which was backed by individual investors, 26 of Allied’s 30 stores were bought. Administrator Leonard Curtis is handling the closure of the four remaining stores.

It is not known what, if any, involvement Allied Carpets chief executive Gary Favell has in the deal.

Hilco bought Allied Carpets in 2009 and later conducted a pre-pack, purchasing 51 of Allied’s 217 stores.

The recession has hit the floorings sector hard, with market leader Carpetright posting falling sales and closing seven stores in the Republic of Ireland. Carpetright issued a profit warning last month after revealing a like-for-like slump of 7.7% in the UK and Republic of Ireland in the 13 weeks to January 29.

Hilco declined to comment. Weston and Favell did not return calls.