Tildist Realisations Limited (12399819): administration
- Status
- In administration
- Administration began
- 2024-08-19
- Administrators
- William James Wright, James Ronald Lumb
- Administrators' firm
- Interpath Advisory
- Formerly
- CTD Tiles Limited; SGBD Newco Limited; CTD Topco Limited; SGBD Newco Limited
- Incorporated
- 2020-01-13
- Location
- Newcastle upon Tyne
- Industry
- 47530 Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
CTD Tiles Limited began to trade in 2022, when Aurelius Investments (‘Aurelius’) purchased the CTD business from the Saint Gobain group.
The Company operated as a seller of tiles, adhesive and other related products within the UK. The Company’s channels to market were via its branch network, e-commerce, as well as direct sales to national and regional housebuilders and other corporate customers.
At the date of our appointment, the Company operated from a network of leasehold sites including 86 branches, two distribution hubs and office premises in Birmingham and Newcastle. It employed approximately 424 staff.
Administrators' statement of proposals (2024-09-30) · Companies House register