Headlam Group Sells Certain Assets for GBP14.9 Million Amid Voluntary Administration

03:51 AM EDT, 10/07/2026 (MT Newswires) -- Headlam Group (HEAD.L) divested certain assets for a combined consideration of 14.9 million pounds sterling following the appointment of joint administrators to the company and its trading subsidiary HFD Limited. The British floor coverings distributor said Wednesday that the sale included the Thatcham distribution center freehold and the Crucial Trading and Concept Flooring brands. It added that proceeds from the sale and anticipated proceeds from future realization events are not expected to fully cover claims of the company's unsecured creditors, removing the possibility of a capital return for shareholders. The joint administrators intend to apply to the Financial Conduct Authority to cancel the listing of Headlam's shares and end their admission to trading on the London Stock Exchange's main market, the company said.