Stonecrest Marble Limited (04844783): administration
- Status
- In administration
- Administration began
- 2026-03-26
- Administrators
- Constantinos Pedhiou, Amie Johnson
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2003-07-24
- Location
- Northampton
- Industry
- 47990 Other retail sale not in stores, stalls or markets
Why it went into administration
- Property / lease costs
- Management failings / irregularities
- Rising interest rates
From the administrators' statement
The Company was incorporated on 24 July 2003 and began trading immediately as a distributor in natural stone, porcelain and ceramic tiles, under the directorship of Murat Yurtseven. Bulent Yurtseven, the brother of Murat Yurtseven, was also later appointed a director of the Company in December 2018.
Initially, the Company focused on wholesale business, with turnover and staff numbers improving year on year until turnover of some £4M was being achieved with circa 60-70 employees.
The decision was then taken to also move into the retail business and a separate company, namely Tiles DIY Limited, was also formed for this purpose. Various shops were gradually taken in this Company’s name and the business grew further.
Administrators' statement of proposals (2026-04-27) · Companies House register