Hilco Streambank has announced the completion of the sale of the intellectual property assets of British Ceramic Tile Limited, which fell into administration in January, to Al-Murad, Britain's largest independent tile and natural stone distributor and retailers which operates over 70 stores across the UK.

The acquisition follows a competitive bidding process run by Hilco Streambank on the appointment of Anthony Wright, Alistair Masseyand Andrew Sheridan of FRP Advisory LLP as the Joint Administrators of British Ceramic Tile Limited.

Al Murad's acquisition includes: the "British Ceramic Tile" and "National Tile Week" brands; registered trade marks; the recently re-launched BritishCeramicTile.com e-commerce website; domain names; and an extensive portfolio of appealing product designs.Prior to entering administration in January 2019, British Ceramic Tile was the UK's largest manufacturer and distributor of ceramic wall and floor tiles. It had a long-standing heritage and stellar...

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