Updated: 1st December 2018
Capitol Tiles Secures Rescue Deal
Partners at RBR Advisory have secured a new buyer for Capitol Tiles which fell into administration after experiencing serious financial difficulties.
Capitol Tiles has been brought by Mo Iqbal, Chairman of Tile Mountain, who will be managing the wholesale and distribution operations of the business, including the Coventry warehouse. The sale managed by Brett Barton and Julie Palmer will save around 80 jobs.
In a separate development also managed by partners at RBR Advisory, Tile retailer BC Ceramics has purchased six of Capitol Tile’s 11 retail outlets.