The Aporia · More jobs cut at flooring firm Headlam after administration

More jobs cut at flooring firm Headlam after administration

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Saker-Clark, H. (2026, October 7). More jobs cut at flooring firm Headlam after administration. Evening Standard. https://www.standard.co.uk/business/business-news/london-stock-exchange-cva-west-bromwich-birmingham-press-association-b1299876.html

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Quick Summary

Headlam, a flooring firm that entered administration last month, has announced additional job cuts and trade site closures following recent financial troubles. The company is shutting down 25 more trade counters and laying off an extra 64 employees on top of previous cuts affecting 154 jobs and 28 counters. However, the administrators from Interpath report that about 110 jobs have been saved through a £14.9 million deal with Likewise Group to acquire parts of Headlam’s business, including distribution centers and intellectual property.

Written by AI on 2026-10-07, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Flooring company Headlam has cut an additional 64 jobs and closed 25 trade counters, following previous announcements of 154 job losses and the closure of 28 counters. Administrators from Interpath stated that around 110 jobs have been secured after rival flooring business Likewise Group agreed to purchase parts of Headlam’s collapsed operations for £14.9 million. This deal includes acquiring Headlam's Thatcham distribution centre, Crucial Trading assets, and Concept Flooring trade in West Bromwich and Stoke-on-Trent, along with principal intellectual property. Likewise aims to assist Interpath administrators in selling residual stock across the remaining network of premises. The acquisition will help Likewise reach its revenue target of £300 million.

Written for “Flooring Firm Headlam Administration” on 2026-11-03, grounded in this article and the 0 other(s) covering the same event.

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Henry Saker-Clark

96 article(s) here · 1 carrying a prediction

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Narrative

Claims (10 extracted, 0 hedged)

Flooring firm Headlam has cut more jobs and shut more trade sites after falling into administration. asserted

Headlam → cut → administration

The company, which entered insolvency last month, has cut a further 64 jobs and closed 25 trade counters, after previously announcing the closure of 28 counters and 154 job losses. But administrators from Interpath said around 110 jobs have been secured after rival flooring business Likewise Group struck a deal to snap up parts of the collapsed business. asserted

Group → enter → business

The £14.9 million deal will see Likewise buy Headlam’s Thatcham distribution centre, including operating assets and inventory on sites, the trade and assets of its Crucial Trading business, and trade and assets for Concept Flooring in West Bromwich and Stoke-on-Trent. asserted

Likewise → see → Trent

It will also acquire the principal intellectual property of Headlam. asserted

It → acquire → Headlam

The administrators also entered into an agreement which will see Likewise assist them in selling all residual stock across Headlam’s remaining network of premises. asserted

Likewise → enter → premises

Likewise, which saw shares tick higher on Wednesday, said the deal will help it grow towards its target of £300 million in revenues. asserted

it → see → revenues

Birmingham-based Headlam, which specialises in floor coverings, saw its shares suspended after announcing plans to hire administrators early in September. asserted

shares → base → September

Ryan Grant, managing director at Interpath and joint administrator, said: “Following our appointment, we set out to explore all options available to the companies, including exiting the administration through a CVA and a broader restructuring of the group’s debt. asserted

we → say → debt

“Over the past weeks, we have worked closely with the companies’ key stakeholders to test those routes thoroughly. asserted

we → work → routes

Read More “As that work has progressed, it has become clear that a sale of certain parts of the business and assets represents the best and most deliverable outcome for creditors.” asserted

sale → read → creditors

More jobs cut at flooring firm Headlam after administration

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