Consumer CTD Tiles administration: list of closed Ceramic Tile Distributors stores - and locations saved by Topps Tiles By Alex Nelson Jobs and finance writer Comment Published 20th Aug 2024, 10:25 BST Watch more of our videos on Shots! and live on Freeview channel 276 Visit Shots! now The full list of closures - and which stores have been rescued 🏷️ CTD Tiles has closed 56 stores and made 268 employees redundant after falling into administration But rival Topps Tiles acquired 30 of CTD's stores and two distribution sites in a rescue deal The acquisition includes CTD’s brands, intellectual property, and stock, with 92 CTD workers transferring to Topps Another 65 employees will stay on to manage the transition during the administration process Established in the 1960s, CTD Tiles reported £75 million in revenue last year but faced market challenges Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to The News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more.
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A major UK tile supplier has closed 56 of its stores after falling into administration. 268 CTD Tiles employees have been made redundant as a result of the collapse, according to administrators Interpath Advisory. Advertisement Hide Ad Advertisement Hide Ad However, 30 of CTD Tiles’ stores and two distribution sites were also saved after they were acquired by rival Topps Tiles in a rescue deal.
Topps struck a deal to buy CTD’s brands, intellectual property, stock, 30 stores and operation of distribution sites in Leeds and Kings Norton, Birmingham, for around £9 million. Rob Parker, Topps Group chief executive, said: “The CTD brand and assets are an excellent fit with our existing business and the acquisition creates a new and complementary specialist tile business within the Topps Group.” 92 workers will transfer to Topps Tiles, and the administrators will also keep on a further 65 people to deal with the transition of the administration process.
Advertisement Hide Ad Advertisement Hide Ad (Photo: Pexels) | Pexels CTD operated trade and retail showrooms throughout the UK and reported approximately £75 million in revenue over the past year. Established in the 1960s, the company grew to become one of the largest tile retailers in the UK, offering a wide range of tiles and related products for both trade and retail customers. But James Lumb, managing director at Interpath Advisory and joint administrator of CTD Tiles, said tough market conditions proved “insurmountable” for the supplier in recent months “as consumer and trade demand failed to recover in line with expectations”.
Here is a list of the stores which have been immediately shut and those which have been saved: 56 store closures: Aintree, Liverpool Ashford, Kent Aylesbury, Buckinghamshire Basildon, Essex Blackpool, Lancashire Bolton, Lancashire Brierley Hill, West Midlands Cambridge Central, Cambridgeshire Canterbury, Kent Carlisle, Cumbria Chelmsford, Essex Chester, Cheshire Colchester, Essex Coventry, Warwickshire Cricklewood, Greater London Croydon, Greater London Denton, Greater Manchester Derby Ascot Drive, Derbyshire Dundee, Scotland Eastbourne, East Sussex Exeter, Devon Falkirk, Scotland Gateshead, Tyne and Wear Glasgow Helen Street, Scotland Hanwell, Greater London Harlow, Essex Huddersfield, West Yorkshire Ipswich, Suffolk Kilmarnock, Scotland King’s Lynn, Norfolk Leeds, West Yorkshire Lincoln, Lincolnshire Livingston, Scotland Maidstone, Kent Newcastle North Shields, Tyne and Wear Newcastle West Kingston Park, Tyne and Wear Northampton, Northamptonshire Peterlee, Scotland Plymouth, Devon Portsmouth, Hampshire Preston, Lancashire Rochdale, Lancashire Rotherham, South Yorkshire Slough, Berkshire Southampton, Hampshire St Albans, Hertfordshire Stirling, Scotland Stratford Upon Avon, Warwickshire Sunderland, Tyne and Wear Sutton Coldfield, West Midlands Swindon, Wiltshire Tonbridge, Kent Uxbridge, Greater London Wembley Stadium, Greater London Weston-Super-Mare, Somerset Whetstone, Leicestershire And the 30 stores rescued by Topps: Advertisement Hide Ad Advertisement Hide Ad Aberdeen, Scotland Basingstoke, Hampshire Birkenhead, Merseyside Cambridge Bar Hill, Cambridgeshire Chichester, West Sussex Coatbridge, Scotland Coulsdon, Greater London Crawley, West Sussex Darlington, County Durham Dorking, Surrey Edinburgh Seafield, Scotland Edinburgh Stenhouse, Scotland Fakenham, Norfolk Farnham, Surrey Glasgow London Road, Scotland Hampton, Greater London Hull, East Yorkshire Inverness, Scotland Newbury, Berkshire Newcastle Under Lyme, Staffordshire Norwich, Norfolk Nottingham, Nottinghamshire Perth, Scotland Peterborough, Cambridgeshire Poole, Dorset Stockton, County Durham Warrington, Cheshire Watford, Hertfordshire Wimbledon, Greater London Woking, Surrey What are your thoughts on CTD Tiles' closure and the rescue deal by Topps Tiles? How do you think this will impact the tile industry and local communities affected by the store closures? Share your opinions and insights in the comments section. Continue Reading Related topics: Jobs Administration Business Workers Money Boost Comment Comment Guidelines National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting.
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