Kumar and Company Oversees £300,000 Asset Sale Following Liquidation of Tiling Business

Midlands-based chartered surveyors and auctioneers Kumar and Company are overseeing the sale of approximately £300,000 worth of wall and floor tiles following the liquidation of Stourbridge-based tiling retailer, Essentially Tiles.

The auction comes after insolvency specialist Philip Ballard, of Ballard Business Recovery, was appointed as liquidator in June. He has since instructed Kumar and Company to handle the disposal of the company’s stock and business assets through an online auction.

The sale features over 260 carefully assembled lots drawn from more than 5,000 product lines, including ceramic, porcelain and natural stone tiles previously stocked by Essentially Tiles. Also included in the auction are two forklift trucks, a long wheelbase van and a variety of related materials such as grout and adhesives.

The auction is now live and runs until Thursday 24 July via Kumar and Company’s online platform.

Rajiv Kumar, managing director of Kumar and Company, commented:

“Essentially Tiles had been trading for many years and, at its height, operated multiple outlets across the UK before scaling back to focus on its main warehouse in Stourbridge. The business served both trade professionals and retail customers, but unfortunately faced operational and financial pressures that led to its closure.”

“This is a significant stockholding, and with more than 5,000 product lines available, there’s strong potential value here for resellers, builders, developers and individuals working on home renovation projects. We’ve already seen early interest from tiling wholesalers and other trade buyers.”

Based at Walsall, Kumar and Company is a specialist firm of chartered surveyors, valuers and auctioneers with expertise in machinery, equipment and business asset valuation and disposal. Founded in 2009, the firm works with insolvency practitioners, local authorities, lenders and private businesses across the UK.

Their services cover everything from asset revaluations and financial reporting to business sales, recovery and pre-lending advice. The team also brings deep sector knowledge to complex asset classes, including plant and machinery, transport and the audio-visual industry.

Rajiv Kumar added:

“Every project requires a tailored approach - and in this case, the sheer variety of stock means a well-structured auction gives the best route to achieve value for creditors while offering buyers real opportunity.”

View auction details for more information.