HEADLAM GROUP

The board of Headlam Group has applied for the appointment of Interpath Ltd as joint administrators; Will Wright, Chris Pole and Ryan Grant are to take the roles. A corresponding application was also made for subsidiary HFD Limited, while other subsidiaries remain unaffected. The company says it has exhausted available liquidity under its credit facility and breached lending covenants; losses and a transformation and refinancing strategy that could not be implemented in time forced the step. The ordinary shares are to be suspended from trading and the official list, and the administrators are expected to be appointed within five business days unless the situation changes. » More on de.investing.com

Headlam reported an increase in net debt in the first half from £31.4m to £36.2m and launched a strategic review. Revenue fell 22.8% to £188.8m, and operating profit worsened year on year. Declining low-margin sales, a weak market environment, product availability issues and unusually warm weather were cited as reasons. » More on de.investing.com

Headlam reported an adjusted pre-tax loss from continuing operations of £39.5m for 2025 (2024: £31.7m) on declining revenues of £498.7m. The company is accelerating a five‑pillar transformation strategy under new leadership, including site consolidations, a focus on margins and the disposal of low‑margin businesses in France and the Netherlands. Net debt rose to £31.4m; a new £85m credit facility to 2029 and planned property disposals are intended to secure liquidity. Headlam expects deliberately lower revenues in 2026/27 but targets a marked improvement in earnings quality and a return to profitability by 2027. » More on de.investing.com