British flooring firm confirms 28 closures as it crashes into administration with over 150 jobs axed

A 30-year- old flooring company has collapsed into administration, resulting in the loss of over 100 job roles. The business, which is based in Birmingham, has also been forced to close 28 of its trade counters as part of the process. The business, whichis based in Birmingham, has also been forced to close 48 of its trade counters as part of the process Headlam Group plc, as well as its trading subsidiary HFD Limited, crashed into administration on September 8. A restructuring is set to take place in the form of a Company Voluntary Arrangement (CVA), which is a type of plan which helps struggling businesses repay their debts. Sign up for the Money newsletter Thank you! The company, which employs over 1,300 people, said its remaining 17 distribution centres and 48 trade counters would continue to trade despite the news. However 154 jobs and 28 of the counters are to close as part of the process. The full list of affected sites, first reported by Insider Media, can be read below: Barking Coventry Edinburgh Liverpool Aintree Luton Basildon Bristol, Longwell Green Cambridge Cheltenham Chester Colchester Doncaster Epsom Guildford Hemel Hempstead Huddersfield Lewisham London (Walthamstow) Newton Abbott Nottingham Oldham Plymouth Stirling Stoke Telford Tonbridge Walkden Glasgow Will Wright, UK CEO at Interpath and joint administrator to Headlam Group plc, said: “Headlam is a well-established British company with a heritage stretching back more than 30 years, and the feedback we’ve received from customers and suppliers in recent days reinforces that there remains market demand for the business.” “Unfortunately, however, the Group has not been immune to recent economic challenges, including cost inflation and fragile consumer confidence, which over time have placed significant pressure on the business.” Most read in Money It is the latest British business to unveil job cuts as firms struggle to keep their heads above water. Jaguar Land Rover revealed plans to cut 4,000 roles in the next two years as part of a multi-million pound cost-cutting programme. Channel 4 is reportedly set to axe around 300 jobs in a brutal cost-cutting drive. Comment now