Thu, 10 Jul 2025 | ADMINISTRATION
The liquidator for a West Midlands-based tile supplier has instructed Kumar and Company to auction off the company's assets. Stourbridge-based Essentially Tiles collapsed last month, with Philip Ballard of Ballard Business Recovery appointed as voluntary liquidator.
Ballard has engaged Walsall-based chartered surveyor, valuer and auctioneer Kumar and Company to manage the auction, which will include approximately £300,000 worth of wall and floor tiles.
The online auction will run until Thursday July 17 and also comprises a range of other assets, including a long wheelbase van and two forklift trucks.
The company’s warehouse on Mill Race Lane, on the Stourbridge Estate, currently houses approximately 5,000 product lines which are to be divided into over 260 lots for the auction.
Rajiv Kumar, Managing Director of Kumar and Company said: “This business has been running for quite a period of time and at one stage had outlets around the country before consolidating at the warehouse. It supplied both the building trade, decorators and the general public but unfortunately ran into a series of problems in recent times that have led it to be wound up.”
Kumar added: “We expect considerable interest in the auction, particularly from other tiling wholesalers and retailers, as well as builders, developers and individuals working on their own house improvement projects.”
In accounts for the year to October 31 2023, when the company employed around 5 staff, Essentially Tiles Limited’s total assets were valued at around £534,000. However, at the time, the company had total liabilities amounting to more than £368,000, potentially indicating financial struggles that could have contributed to its recent collapse.
A number of long-term economic headwinds are continuing to contribute to high insolvency levels across a range of UK sectors
When done correctly, acquisitions of distressed businesses and assets can be a cost-effective route to quick growth - Find out more about the process of identifying and acquiring the best distressed assets
This highly reputable plumbing and bathroom business, strategically located in a bustling market town near Manchester, combines a strong local presence with a loyal customer base and notable revenue diversity.
This well-established wholesale flooring and tile retailer in a prominent Berkshire industrial estate offers an impressive display area featuring renowned brands like Woodpecker and Ted Todd.
This is a superb opportunity to acquire a well-established, Engineers Merchant business based in Blackburn, Lancashire.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.