Walker Greenbank receives further insurance payment

Walker Greenbank has received a further interim insurance payment of £1.5m following the flood in December 2015 at Standfast & Barracks, its fabric-printing factory in Lancaster.

In total, £16.9m of flood-related insurance payments had now been received by the company in respect of damage to business assets and loss of profits.

"With the factory having been back in full production for some time and the company's Milton Keynes warehouse being fully stocked with printed textiles, the company will be seeking to negotiate a final settlement of the insurance claim with its insurers," it said in a statement.

"It is expected that a settlement will be agreed during the first half of the current financial year."