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UK home improvement retailer to close 15 stores in 6 months

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Topps Tiles has said the closures, which results in 7% of its 319-strong estate, will help slash costs as part of “significant self-help measures” in the face of a tougher home improvement market.

The Leicestershire-based tile chain added that this also includes savings being made at its head office.

It’s thought the move will “provide a stronger financial platform for 2027 and beyond”.

Topps said the stores are under-performing, with eight already closed since last September and the remainder being shut over the next six months.

However, it did not disclose what impact the moves would have on its workforce.

Topps Tiles chief executive Alex Jensen, who took over as chief executive on December 8 after former longstanding boss Rob Parker retired, commented: “In light of subdued consumer sentiment and geopolitical uncertainty as well as the cumulative impact of cost inflation, the management team is implementing a targeted programme of self-help measures weighted towards the second half.

“These actions are designed to support year on year profit growth and provide a stronger financial platform for 2027 and beyond.”

The tile company said sales fell 0.1% to £142.7 million in the six months to March 28, though it said revenues were impacted by a “lengthy” competition process and disposal programme required to appease competition concerns after it bought CTD out of administration in 2024.



With the CTD business stripped out, sales rose 2.1%, though it said growth slowed sharply to 0.6% in the second quarter.

It said it performed better than the wider DIY and home improvement market.

The cost savings efforts are set to impact sales, but boost profitability, Topps Tiles said.

Topps saw its deal to buy CTD out of administration probed by the Competition and Markets Authority (CMA), which required it to sell off a number of CTD stores to appease concerns.

The firm was left with 22 CTD stores, down from an initial 31.

In December, it also bought the brand of collapsed rival Fired Earth in a £3 million rescue deal after the Oxfordshire-based competitor tumbled into administration in October, resulting in the closure of its 20 UK showrooms and 133 job cuts.

Topps said the group is on track to return the CTD arm to profit in 2025-26, having notched up like-for-like sales growth of 1% across the division in the first half to March 28.

The firm reported a statutory pre-tax profit of £8.3 million in the year to September, swinging from a £16.2 million pre-tax loss a year earlier.

It will report half-year figures on May 19.

UK businesses that have entered administration in 2026

Topps Tiles isn’t the only major UK business affected by rising costs in 2026, which has already seen several retailers entering administration and others announcing widespread store closures.

Fashion brand LK Bennett collapsed into administration in January and launched a closing-down sale at its stores.



John Noon and Mark Firmin of Alvarez & Marsal Europe LLP were appointed joint administrators.

Following this, the LK Bennett brand and related intellectual property were sold to US firm Gordon Brothers, which also owns Laura Ashley and Poundland.

Alongside this, major high street retailers, including River Island, Primark, and Poundland, have been forced to close stores, while Revolution and BrewDog have shut the doors to 21 and 38 pubs, respectively.

UK construction company Onespace Group, which is based in Knutsford near Manchester and specialises in the creation of commercial office spaces, entered administration recently too.


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UK beauty firm Beauty Bay filed for administration this month but was saved.

A French-owned company called AA Investments Group bought it for an undisclosed amount, saving stores and people’s jobs.

Russell & Bromley, Moores, Claire’s and The Original Factory Shop, Quiz, Denby, and National Car Parks (NCP) have also fallen into administration recently.

Which shops have recently closed near you that you miss? Let us know in the comments below.





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Students design Oxford shops in ‘Dragon’s Den’ competition

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The ‘Made in Oxfordshire’ challenge invited teams to reimagine the future of retail by creating immersive, community-focused destinations.

Pupils are tasked with developing original concepts for community spaces before pitching them to a panel.

This year’s winning team came from John Mason School, who impressed judges with ‘Brainwave’ – a concept for a charity café and arcade aimed at supporting young people and reducing social isolation.

Clare Martin, acting centre director at Westgate Oxford, said: “The Made in Oxfordshire project offers young students the chance to explore their creativity and come up with fresh and exciting ideas within the retail sector.

“The future generation present new perspectives and valuable insights into retail experiences that reflect their needs and resonate with their audience.”

Year 10 students from Greyfriars Catholic School, Oxford Spires Academy and John Mason School took part in workshops at Westgate Oxford.

These sessions covered creative placemaking, community and customer insights and environmental sustainability, helping pupils translate their ideas into practical, community-focused concepts.

The final round took place at Curzon Cinema in Westgate Oxford, where students pitched their ideas in a professional setting complete with mood boards and customer research.

Ms Martin added: “We’re proud to continue our strong relationship with Ahead Partnership, having now empowered over 10,000 young people through our collaborative projects.

“The Oxford competition gives students a space to produce an original concept, develop it into a design and then pitch it to professionals, enhancing their confidence and providing them with skills and knowledge to help boost them in their future endeavours.”

The competition is delivered by Westgate Oxford in partnership with Landsec and Ahead Partnership, and is funded by the £20 million Landsec Futures Fund, which aims to create positive social impact in the communities it serves.

Andy Clarke, head of partnerships at Ahead Partnership, said: “Nothing brings careers and skills education to life quite like stepping in to real workplaces and meeting role models face to face.

“The Made in Oxfordshire Challenge demonstrates the power of immersive, interactive experiences to ignite curiosity, broaden horizons and inspire young people to explore career paths they may never have considered.

“Our long-standing partnership with Westgate Oxford and its parent company, Landsec, has enabled us to connect thousands of young people with role models across retail, the built environment, and beyond.”

John Mason School will now go on to compete in a national final.





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BlueProof named UK StartUp Awards finalist in Cambridge

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BlueProof has been named an East of England finalist in the UK StartUp Awards, with the Cambridge company shortlisted in the Hospitality, Tourism & Events StartUp of the Year category.

More than 900 businesses were shortlisted across ten nations and regions from over 2,000 entries. All finalists were founded within the past three years and, according to the awards programme, have created nearly 5,000 jobs and generate annual sales of more than £150 million.

BlueProof was founded in 2023 by Cambridge alumni Max Turner and Rafi Levy. The business grew out of a 3D app they created for the Jesus College May Ball in 2022, which they later developed into a commercial product for the live events market.

It develops interactive 3D platforms for live events. The software is used by organisers, venues and hospitality operators to present venues online and manage parts of event operations, with a focus on digital audience interaction.

The shortlisting places BlueProof among the East of England finalists in a national awards scheme for recently established companies.

International work

Despite having a team of two, BlueProof has already worked outside the UK. A recent project at the Twominds Festival in New Zealand was an early test of how its platform performs at a live event of scale.

The two-day festival hosted 4,500 attendees, according to BlueProof. During the event, its platform attracted 2,500 unique users and recorded more than 21,000 opens, including 15,000 on the first day.

Those figures provide an early snapshot of the company’s traction as it builds a business around spatial technology for live events. The market is attracting interest from venues and organisers looking for new ways to present information and engage visitors before and during events.

Turner said the shortlisting reflected the company’s origins as a student project in Cambridge.

“We’re incredibly proud to be shortlisted for the UK StartUp Awards. BlueProof started as a student project for a Cambridge May Ball, so to now be recognised at a national level, especially in the Hospitality, Tourism & Events category, is a huge milestone. We believe live experiences are evolving rapidly, and we’re excited to be building the technology that powers that shift,” said Max Turner, co-founder and CEO of BlueProof.

Awards context

The UK StartUp Awards was established to recognise new businesses across the country. Organisers said business creation remained strong in 2025, with around 832,000 new businesses registered in the UK.

Now in its fifth year, the programme describes itself as the UK’s largest independent startup awards scheme. It was founded by Frankie James and Professor Dylan Jones-Evans as part of Ideas Community.

Professor Dylan Jones-Evans OBE, co-founder of the awards, said the finalists reflected the strength of the UK startup market.

“New businesses are the driving force behind any thriving economy, generating employment, pioneering innovation, and contributing to prosperity right across the UK. This year’s finalists represent the very best of British entrepreneurial talent, spotting opportunities and, through dedication, skill, and resilience, building ventures that are making a real difference in their industries and communities. The standard of entries in 2026 has been exceptional, and every finalist should be enormously proud of what they have achieved. Regional winners will go on to represent their region at the national final at Ideas Fest in September, and that is a stage worthy of everything they have built,” said Jones-Evans.

For BlueProof, the shortlisting brings recognition in a crowded startup field as it seeks more work with festivals, venues and corporate event operators. Its early projects show how a niche idea developed for a Cambridge college event has become a business with overseas customers and measurable user activity at live shows.



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UK estate agents collapses into liquidation as viewings cancelled

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The award-winning Wallers Estate Agents is listed as permanently closed on Google and is in the process of being liquidated, Companies House accounts reveal.

Wallers Estate Agents Limited, based in Oxford with an office in Swindon too, fell into liquidation late last year.

But in April, the liquidators appointed Nicholas Cusack and Paul Bailey, of Brighton-based BABR, were removed by court order.

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Now a new liquidator has been appointed – Kirren Keegan of the same company BARB.

Statement of affairs submitted to Companies House on September 8 reveal Wallers Estate Agents Ltd has debts of £59,826 owed to creditors.

Most of this is to the bank: NatWest is owed £31,567 for a Bounce Back loan, £1,000 for a business card along with a further £19,996.

HMRC is also owed £59.94 in PAYE and CF&L, a leasing specialist in Southend, Essex, is owed £7,202.

What’s more, the Property Ombudsman – which Wallers was a member of – confirmed the registration ceased in August 2024.

The Property Ombudsman is an independent and impartial dispute resolution service for consumers and property businesses.

Wallers’ website, which has now been shut down, said staff who worked there tried to keep things “simple and straightforward”.

Set up by Rowan Waller in 2014, the business pitched itself on its website as “the antidote to what people always see as your typical estate agency”.





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