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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 locally by qwen2.5:14b on 2026-10-07,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
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 2026-10-07,
grounded in this article and the 0 other(s) covering the same event.
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
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