CTD Tiles - Administration

CTD Tiles, a tile supplier which operated 86 stores across the UK and employed 425 staff, entered administration on 19 August, reportedly suffering from a downturn in the home improvement sector.

56 stores have been closed and 268 employees have been made redundant, while 30 stores, selected stock and all related intellectual property have been purchased by Topps Tiles for £9 million.

Topps is understood to be taking on 92 workers, while joint administrators James Lumb and Will Wright of Interpath Advisory have temporarily retained 65 workers to help with the transition.

Bz Commercial Finance Designated Activity Company has several registered charges against the company.