Black Country site of troubled flooring business saved in Headlam rescue deal
The rescue deal transfers Headlam’s Crucial Trading and Concept Flooring businesses and leaves administrators reviewing the remaining units.
- On Wednesday, Likewise Group acquired assets from Birmingham-based Headlam for £14.9 million, securing 110 jobs. The deal includes the Crucial Trading and Concept Flooring brands, a distribution hub in Berkshire, and intellectual property.
- Headlam entered administration early in September, leading to its shares being delisted from the London Stock Exchange. The company, once valued at more than £500 million, previously employed more than 1,300 people.
- Joint administrators from Interpath, including Ryan Grant, have managed the insolvency process. Prior cuts included 154 job losses and 28 closed trade counters; further restructuring saw 64 redundancies and 25 additional closures.
- Grant stated the sale represents the "best and most deliverable outcome for creditors," safeguarding the Crucial Trading and Concept Flooring brands. Administrators are now assisting Likewise in selling residual stock across remaining premises.
- Likewise aims to grow toward £300 million in revenues following the transaction. Administrators continue to assess options for remaining businesses and assets, including those trading under the names Domus and Melrose.
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Evening Standard
More jobs cut at flooring firm Headlam after administration
The firm also confirmed on Wednesday that its shares will now be delisted from London Stock Exchange.
Flooring group Headlam sells off assets to Likewise
Floorcoverings group Headlam has confirmed the sale of certain assets to flooring distributor Likewise for a sum of almost £15m. A statement from the group said: “Following the appointment of Will Wright, Chris Pole and Ryan Grant as joint administrators to Headlam Group plc and its trading subsidiary HFD Limited on 8 September 2026, the […] The post Flooring group Headlam sells off assets to Likewise appeared first on Big Furniture Group.
Jobs go at flooring firm - but 110 saved after deal
Flooring firm Headlam has axed more jobs and shut trade sites after falling into administration – but more than 100 posts have been saved. The company has cut a further 64 roles and closed 25 trade counters. The business, which entered insolvency last month, previously announced 154 job losses and 28 counter…
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