Flooring distributor Headlam says it is continuing to progress its strategic review as it seeks to strengthen its financial position and address ongoing liquidity pressures.
Trading remains challenging, although revenue during July 2026 was approximately 3.5% ahead of the performance recorded in June.
The strategic review, announced on 14 July, is examining a range of options, including additional support from existing lenders, property disposals, a wider refinancing, new partnerships and other corporate actions. The company is currently finalising a plan it hopes to execute.
One significant change is the decision to retain Headlam’s Coleshill headquarters as a key freehold property. As a result, a previously considered sale and leaseback of the site is no longer being pursued.
The board believes a strengthened balance sheet would help ease current liquidity pressures, improve trading flexibility and provide time to implement its strategic plan, with the ultimate aim of returning the business to profitability and positive cash generation.
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