tc bathrooms in administration

Despite slamming industry speculation about tc bathrooms going into adminstration, it has since been confirmed. Headquartered in Dewsbury, West Yorkshire, tc bathrooms is a distributor and retailer, owning 17 retail showrooms.
The retail showrooms included 16 which operate under the trade name bathrooms4all and one which is branded Victorian Bathrooms.
The company which employed 187 staff, including 47 in stores across the country, has made 87 redundancies. It has also closed eight of its bathroom retail showrooms.
At the current time, it is unknown how much money the company owes or the number of creditors.
Ernst & Young in Leeds has been appointed, with joint adminstator Hunter Kelly, who said: "The company's trading performance has been impacted by the economic downturn and the contraction of the new housing and refurbishment markets. In addition, whilst the business remains profitable, it has been unable to service the debt taken on to fund its recent considerable expansion.
"The business owns a 205,000 sq ft modern warehouse in Dewsbury and has also opened a number of retail stores over the last two years."
Kelly continued: "We have receieved some expressions of interest in various parts of the business from a number of parties, which will be explored further over the next few days. The business is continuing to trade whilst we explore the interest."
Managing director of tc bathrooms Martin Chalcraft recently said competitors started sthe rumour of the company's demise, which was buoyed by stock shortages. He stated: "Let me be clear. This business is doing fine. We're not going into adminstration."
tc bathrooms was established in 2000 and offers a wide variety of bathroom products from cast iron baths to steam cabins, furniture through to taps.

Custtomers with product order queries should contact Tel:0113 298 2317 Email: bathrooms4alluk.ey.com
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