Major excessive avenue chain shuts 56 shops and sacks 268 employees – see full record
Another major high street name is set to close a raft of branches, as Britain suffers from more closures.
CTD Tiles has confirmed that 56 stores will close – with 268 members of staff being made redundant. The home improvement chain has gone into administration, although rivals Topps Tiles has managed to save 30 stores.
The brand has been a fixture in the UK since the 1960s, but James Lumb, managing director at Interpath Advisory and joint administrator of CTD Tiles, said that the state of the market made it “insurmountable”.
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He explained: “CTD Tiles is a major player in the industry, but market conditions proved insurmountable as consumer and trade demand failed to recover in line with expectations.
“The transaction with Topps Group provides continuity for a considerable number of staff and stores as part of a major tiles group. We are working with the team to ensure a smooth transition for customers and suppliers.”
And after spending £9million to save some stores, 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.”
The full list of stores closing imminently is:
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Aintree, Liverpool
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Ashford, Kent
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Aylesbury, Buckinghamshire
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Basildon, Essex
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Blackpool, Lancashire
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Bolton, Lancashire
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Brierley Hill, West Midlands
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Cambridge Central, Cambridgeshire
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Canterbury, Kent
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Carlisle, Cumbria
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Chelmsford, Essex
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Chester, Cheshire
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Colchester, Essex
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Coventry, Warwickshire
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Cricklewood, Greater London
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Croydon, Greater London
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Denton, Greater Manchester
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Derby Ascot Drive, Derbyshire
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Dundee, Scotland
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Eastbourne, East Sussex
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Exeter, Devon
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Falkirk, Scotland
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Gateshead, Tyne and Wear
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Glasgow Helen Street, Scotland
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Hanwell, Greater London
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Harlow, Essex
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Huddersfield, West Yorkshire
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Ipswich, Suffolk
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Kilmarnock, Scotland
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King’s Lynn, Norfolk
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Leeds, West Yorkshire
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Lincoln, Lincolnshire
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Livingston, Scotland
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Maidstone, Kent
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Newcastle North Shields, Tyne and Wear
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Newcastle West Kingston Park, Tyne and Wear
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Northampton, Northamptonshire
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Peterlee, Scotland
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Plymouth, Devon
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Portsmouth, Hampshire
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Preston, Lancashire
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Rochdale, Lancashire
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Rotherham, South Yorkshire
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Slough, Berkshire
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Southampton, Hampshire
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St Albans, Hertfordshire
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Stirling, Scotland
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Stratford Upon Avon, Warwickshire
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Sunderland, Tyne and Wear
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Sutton Coldfield, West Midlands
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Swindon, Wiltshire
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Tonbridge, Kent
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Uxbridge, Greater London
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Wembley Stadium, Greater London
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Weston-Super-Mare, Somerset
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Whetstone, Leicestershire
And the stores saved by Topps Tiles are:
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Aberdeen, Scotland
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Basingstoke, Hampshire
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Birkenhead, Merseyside
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Cambridge Bar Hill, Cambridgeshire
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Chichester, West Sussex
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Coatbridge, Scotland
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Coulsdon, Greater London
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Crawley, West Sussex
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Darlington, County Durham
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Dorking, Surrey
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Edinburgh Seafield, Scotland
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Edinburgh Stenhouse, Scotland
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Fakenham, Norfolk
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Farnham, Surrey
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Glasgow London Road, Scotland
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Hampton, Greater London
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Hull, East Yorkshire
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Inverness, Scotland
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Newbury, Berkshire
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Newcastle Under Lyme, Staffordshire
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Norwich, Norfolk
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Nottingham, Nottinghamshire
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Perth, Scotland
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Peterborough, Cambridgeshire
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Poole, Dorset
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Stockton, County Durham
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Warrington, Cheshire
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Watford, Hertfordshire
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Wimbledon, Greater London
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Woking, Surrey
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