Administrators called in at Tiles R Us

More than 100 jobs have been lost at struggling tiles business Tiles R Us,
following the appointment of PricewaterhouseCoopers as administrators.

Based in Bridgend, South Wales, the £40m turnover business had 30 stores
closed as a result of the administration, with 131 of its 450 staff made

Despite the job losses, PwC joint administrator Rob Lewis said the
restructuring would improve the prospects of the remaining business, with a
‘good prospect’ of trading successfully in the future.

The joint administrators will continue to trade the company and seek to agree
a financial restructuring plan with the company’s creditors.

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