CTD Tiles, one of the UK’s biggest tile suppliers, has shut 56 of its stores after falling into administration.

The company, which ran 86 stores across the UK and employed 425 staff, fell into insolvency on Monday after coming under pressure from a downturn in the home improvement sector.

Administrators from Interpath Advisory said competitor Topps had struck a deal to buy CTD’s brands, intellectual property, stock, 30 stores and operation of distribution sites in Leeds and Kings Norton, Birmingham, for around £9 million.

However they confirmed that the remaining 56 shops had now shut, including its store opposite Pipps Hill Retail Park, with 268 workers being made redundant immediately across the 56 stores.

Here is a list of the Essex stores which have been immediately shut:

  • Yardley Business Park, Basildon
  • Chelmsford Trade Park, Chelmsford
  • Cowdray Centre, Colchester
  • Dukes Park, Unit 5 Edinburgh Way, Harlow 

James Lumb, managing director at Interpath Advisory and joint administrator of CTD Tiles, said: “The transaction with Topps Group provides continuity for a considerable number of staff and stores as part of a major tiles group.

“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 working with impacted employees to help make representations to the Redundancy Payments Service where relevant.”