{"id":125326,"date":"2026-09-10T14:30:00","date_gmt":"2026-09-10T13:30:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=125326"},"modified":"2026-09-10T14:29:29","modified_gmt":"2026-09-10T13:29:29","slug":"80-y-flooring-company-cuts-154-jobs-closes","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/80-y-flooring-company-cuts-154-jobs-closes\/","title":{"rendered":"80-Year-Old Flooring Company Cuts 154 Jobs And Closes Sites After Entering Administration"},"content":{"rendered":"\n

Headlam Group<\/strong> has entered administration and cut 154 jobs<\/strong> as the UK flooring supplier begins a major restructuring process aimed at stabilising its finances.<\/p>\n\n\n\n

The Birmingham-based company<\/strong>, which employs around 1,300 people<\/strong>, has also closed 28 of its 76 trade counters<\/strong> while continuing to operate through its remaining sites.<\/p>\n\n\n\n

Flooring Supplier Faces Financial Pressure After Liquidity Warning<\/h2>\n\n\n\n

According to the BBC<\/a><\/em><\/strong>, Headlam had warned earlier in September that it expected to appoint administrators after facing a shortage of liquidity, leading to the suspension of its shares.<\/p>\n\n\n\n

The company called in administrators on Tuesday and confirmed that its remaining 17 distribution centres<\/strong> and 48 trade counters<\/strong> would stay open while the business moves forward with a Company Voluntary Arrangement<\/strong> restructuring.<\/p>\n\n\n\n

Administrators said the company had been affected by several economic pressures, including cost inflation<\/strong> and weak consumer confidence<\/strong>, which placed additional strain on its operations.<\/p>\n\n\n\n

Restructuring Plan Targets Long-Term Stability<\/h2>\n\n\n\n

The administrators said Headlam would begin a refinancing process for its debt facilities alongside cost reduction measures designed to make the business financially sustainable over the longer term.<\/p>\n\n\n\n

The plan is intended to preserve the company\u2019s ongoing operations while addressing the financial challenges that forced it into administration.<\/p>\n\n\n\n

Will Wright, UK chief executive at Interpath<\/em><\/strong> and joint administrator to Headlam Group<\/em><\/strong>, said: “Our immediate priority is to those employees whose roles have been lost as a result of today’s site closures.”<\/p>\n\n\n\n

He added that the job losses would be “devastating news” for those affected, but said: “We believe the proposed plan provides a credible path to stabilising the business.”<\/p>\n\n\n\n

\"\"
The Birmingham-based company<\/em>, which employs around 1,300 people, has also closed 28 of its 76 trade counters
Credit: Alamy\/PA<\/figcaption><\/figure>\n\n\n\n

Remaining Operations Continue During Company Restructuring<\/h2>\n\n\n\n

Headlam has continued trading during the restructuring process, with administrators focusing on maintaining the parts of the business that remain operational.<\/p>\n\n\n\n

The company\u2019s next steps will include efforts to secure new financial arrangements and reduce costs while protecting its remaining network of distribution centres and trade counters.<\/p>\n\n\n\n

The business currently employs around 1,300 workers<\/strong>, with 154 roles removed<\/strong> following the latest site closures<\/a>. Its remaining 17 distribution centres and 48 trade counters will remain open.<\/p>\n","protected":false},"excerpt":{"rendered":"

An 80-year-old UK flooring company has entered administration, cutting 154 jobs and closing 28 trade counters as it launches a major restructuring plan to secure its future.<\/p>\n","protected":false},"author":4,"featured_media":125351,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-125326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/125326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=125326"}],"version-history":[{"count":2,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/125326\/revisions"}],"predecessor-version":[{"id":125354,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/125326\/revisions\/125354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/125351"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=125326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=125326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=125326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}