Flooring specialist Headlam to axe 154 jobs after falling into administration

Economy alert: Flooring firm Headlam to cut 154 jobs and multiple sites in administration shock

An 80-year-old home renovation company has been forced to cut dozens of jobs and close multiple sites after beginning administration proceedings.Birmingham-based floor coverings specialist Headlam has shed 154 roles and shuttered 28 of its trade counters after falling into administration.The firm, which employs roughly 1,300 people, appointed administrators from Interpath earlier this week (September 8).Trade counters, retail points within facto…

80-year-old flooring firm in administration with third of counters to ...

UK company founded in 1948 closing third of branches with 154 jobs going

Administrators have been appointed as the company continues to trade

Flooring specialist Headlam to axe 154 jobs after falling into administration

The Birmingham-based company said it has also closed 28 trade counters across the UK.

Headlam Closes 28 Trade Counters in Administration—Can Suspended Shares Recover?

Headlam Group’s administrators have closed 28 trade counters and made 154 employees redundant, turning the flooring distributor’s insolvency from a balance-sheet event into a smaller operating footprint. The remaining 48 trade counters and all 17 distribution centres are continuing to trade, but Headlam’s London-listed shares remain suspended at 10.5 pence. For shareholders, the new closures…

154 jobs lost as Headlam closes almost half its trade counters

Interpath, administrators to Headlam Group, have confirmed 154 job losses after the flooring distributor closed 28 of its trade counters with immediate effec