Ceramique Internationale, along with three other UK tile companies has entered administration, resulting in 59 redundancies. The businesses, all owned by Full Circle Group and Earle Group, appointed administrators on 27 October amid financial difficulties.
© Ceramique Internationale Ltd
The other companies in question are: Rowmarl Ltd, Spectrum Tiles, and Euxton Tile Supplies. Joint administrators Matthew Haw and Christopher Ratten from RSM UK Restructuring Advisory sold the assets to two newly formed companies, Euxton Tiles Ltd and Ralee Group Ltd, on 31 October. Operations ceased on 24 October, prior to the administrators' involvement.
Founded in 1974, Ceramique Internationale was known for sourcing Italian and Spanish tiles, while Euxton Tile Supplies, established in 1950, is the oldest of the group. Administrators confirmed the companies could no longer meet ongoing financial obligations despite directors' efforts.
This development follows the recent administration of UK tile brand Fired Earth, which saw all stores close and 133 staff made redundant. The incidents reflect ongoing pressures in the UK tile and KBB sectors, highlighting the financial vulnerabilities of established brands amid market challenges.
Source: www.kbbreview.com
