A multi-million pound tile store in Swindon has been named as one of 56 stores nationwide which will close after the company has entered administration.
CTD Tiles, one of the UK’s biggest tile suppliers, previously ran 86 stores across the UK and employed 425 staff with £75 million in revenues, but now more than half of its workforce has been made redundant.
The company fell into insolvency on Monday, August 19, after coming under pressure from a downturn in the home improvement sector.
30 of its 86 shops and two distribution sites have been saved after they were bought by Topps Tiles in a £9 million rescue deal.
However, Swindon's CTD store has not made the cut and has closed with immediate effect.
“The transaction with Topps Group provides continuity for a considerable number of staff and stores as part of a major tiles group," said James Lumb, managing director at Interpath Advisory and join administrator of CTD Tiles.
“Regrettably, the remaining sites have closed, which has resulted in redundancies.
“We are now focused on supporting those staff and have specialist teams on-site to help make representations to the Redundancy Payments Service where relevant.”
Here is the full list of the stores that have closed and those that have been saved:
CTD Tiles in Swindon has not been saved (Image: Google Maps)
The 56 closed stores:
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
The 30 stores rescued by Topps:
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
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