Tiles-R-Us

Type
Internal restructuring
Country
United Kingdom
Region
Wales; South East Wales; Central Valleys and Bridgend
Location of affected unit(s)
Bridgend
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.2 - Manufacture of refractory products
23.31 - Manufacture of ceramic tiles and flags
131 jobs
Number of planned job losses
Job loss
Announcement Date
6 December 2005
Employment effect (start)
Foreseen end date

Description

Tiles-R-Us a tile selling company based in Bridgend has gone into administration with the loss of more than 131 jobs. The company has more than 90 stores across the UK, and an annual turnover of around £40 millions in tiles, bathrooms, kitchens and domestic appliances. Thirty of the stores have been closed and 131 of 450 staff have been made redundant.

Administrators PricewaterhouseCoopers said 'this restructuring should improve the prospects of the remaining business, and should provide a significantly better outcome than could be delivered if the business had ceased trading'.

Sources

  • 6 December 2005: BBC News

Citation

Eurofound (2005), Tiles-R-Us, Internal restructuring in United Kingdom, factsheet number 62647, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62647.