Thu, 31 Jan 2019 | ADMINISTRATION
Based in Newton Abbot in Devon, British Ceramic Tile Limited has gone into administration.
The UK’s largest manufacturer and distributor of ceramic wall and floor tiles, the company employs 380 people across the country and also has a site in Cleckheaton, Yorkshire.
Partners at specialist business advisory firm FRP Advisory LLP, Alastair Massey, Tony Wright and Andrew Sheridan, have been appointed as joint administrators.
Losing a key customer contract recently was cited by the company as the reason for the administration.
Andrew Sheridan said: “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.
“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 [...] In the meantime, we would urge any parties interested in acquiring the business to contact us as soon as possible.”
Established in the 1850s and a long-standing British heritage, British Ceramic Tile showcases a unique and extensive product range including ceramic, porcelain, glass and natural stone tiles. The firm also offers a range of options in wall, floor and multi-use purposes from their state of the art factory.
A specialist business advisory firm, FRP Advisory possesses a distinctive strategy with a commercial and compassionate approach. The company has offices across the UK and specialises in restructuring, pensions, forensic services, corporate finance and debt advisory.
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