Major tile supplier readies administrators

A notice of intention to appoint administrators (NOI) has been issued by one of Britain’s largest tile suppliers.

CTD Tiles, based in Birmingham, trades from 87 stores and employed 584 staff in 2023 according to its latest accounts filed with Companies House.

Last year was the first year of trading for CTD as a standalone business, following Aurelius’ carve-out and purchase of CTD’s trade and assets from Saint-Gobain in 2022. It reported revenues of more than £112m and profits of £580k.

Former Body Shop owner Aurelius hit the headlines earlier this year, after placing the beauty brand into administration soon after it acquired the business.

According to Sky News, Interpath Advisory is overseeing a sale process that could lead to a pre-pack administration later this month.

Filing the (NOI) is a process that prevents creditors from taking action for 10 days and is designed to give companies the space to secure a solution to their financial problems.

CTD Group has been contacted by TheBusinessDesk.com, with no reply received.