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British Ceramic Tile collapses into administration

British Ceramic Tile

British Ceramic Tile, the UK's largest manufacturer and distributor of ceramic wall and floor tiles, with its base in the South West has collapsed into administration and ceased trading with immediate effect, with more than 300 employees made redundant.

The company currently employs 400 people across the UK at its manufacturing base in Newton Abbot, Devon, and at their Head Office 'Hub' in Cleckheaton, West Yorkshire.

The business entered administration earlier today and ceased trading with immediate effect, resulting in 313 redundancies. The remaining 67 employees will support the orderly winding down of the business.

Alastair Massey, Tony Wright and Andrew Sheridan, partners at specialist business advisory firm FRP Advisory, have been appointed as joint administrators. "British Ceramic Tile Limited is a leading player in the manufacturer of ceramic tiles, with a longstanding heritage in the local communities in which it operates and a stellar reputation for its quality products," said Andrew Sheridan.

"Unfortunately, challenging trading conditions and the termination of a key customer contract in recent days have forced the business to enter administration and cease trading with immediate effect. We are currently providing support to the affected employees and are working closely with the Redundancy Payments Service to ensure the best possible outcome in this difficult period. In the meantime, we would urge any parties interested in acquiring the business to contact us as soon as possible."

Source: Insight DIY

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30 January 2019

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