Axminster Carpets is the only manufacturer to purchase, wash, card, spin and dye its own yarn before weaving the carpet itself.

To celebrate 250 years of carpet weaving in Axminster, in 2005 a commemorative rug was produced. Paraded by the company’s weavers through the town, it was then blessed by the Bishop of Exeter and presented to the Earl of Devon. The carpet is now in Clarence House, the home of Prince Charles. Also in 2012, Axminster was awarded a Royal Warrant for the supply of goods and services to the Royal Household.

The modern Axminster-type power loom is capable of weaving high-quality carpets with many varying colours and patterns and is manufactured all over the world. Due to their hard-wearing and durable nature, Axminster carpets are most frequently used in country homes, luxury hotels, global airlines and train carriages. Every Wetherspoon pub has a bespoke designed carpet manufactured by Axminster.

On 19 February 2020, it was announced that the company had gone into administration. However, it was bought out of administration in March 2020 by a group of investors including the former owners.