A LEADING textile firm with 150 employees has gone into administration.

Insolvency experts have moved in to run Kirkheaton-based Huddersfield Fine Worsteds after the company ran into financial problems.

Callers to the firm's Kirkheaton Mills headquarters today were referred to the administrator, Gerald Krasner, of chartered accountants Bartfields in Leeds.

A spokeswoman for Mr Krasner said HFW was continuing to trade under administration.

She said: "We are currently reviewing the company's financial position and expect to report to creditors in a few weeks."

She said it was too early to comment on the causes of the company's plight.

Textile union officials have been informed of the development.

HFW is one of the town's foremost textile names. The company weaves high-quality woollen and cashmere cloth for men's suits.

It is famed for its Crombie brand of suits once worn by world leaders like John F Kennedy and Mikhail Gorbachev.

HFW weaves cloth for business suits and countrywear as well as the famous Balmoral tartan.

Last summer, the company was visited by the Duke of York, who asked to meet managers and workers after he was presented with a length of HFW cloth at top textile show Premiere Vision in Paris.

He followed in his grandfather's footsteps. George VI visited the firm in 1923 as Duke of York.