Topps Tiles / CTD Tiles (certain assets) merger inquiry
The CMA is investigating the completed acquisition by Topps Tiles Plc of certain assets of Tildist Realisations Limited (formerly CTD Tiles Limited).
Statutory timetable
| Date | Action |
|---|---|
| 17 February 2025 | Deadline for phase 1 decision (*) |
| 18 December 2024 | Launch of merger inquiry |
| 4 December 2024 to 18 December 2024 | Invitation to comment (**) |
| 3 October 2024 | Initial enforcement order (***) |
(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.
(**) The CMA has decided to investigate this transaction and is inviting comments from any interested party. This case page will be updated when the CMA formally commences its phase 1 investigation.
(***) The CMA has decided to investigate this transaction and has made an initial enforcement order. This case page will be updated when the CMA formally commences its phase 1 investigation.
Phase 1
Launch of merger inquiry
18 December 2024: The CMA announced the launch of its merger inquiry by notice to the Parties.
- (18.12.24)
Invitation to comment: Closed
4 December 2024: The CMA is considering whether it is or may be the case that this merger has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted or may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
The CMA is issuing this preliminary ‘invitation to comment’ to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK. The CMA has not yet launched its formal investigation into this transaction. This invitation to comment is the first part of the CMA’s information-gathering process.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party.
Written representations about any competition issues should be provided by the deadline set out above.
Contact details for submitting responses are set out in the invitation to comment below.
- (4.12.24)
Directions to appoint a monitoring trustee
17 October 2024: Pursuant to an initial enforcement order dated 3 October 2024, the CMA directed Topps Tiles Plc and Tiles4Less Limited to appoint a monitoring trustee.
- (31.10.24)
Directions to appoint a hold separate manager
17 October 2024: Pursuant to an initial enforcement order dated 3 October 2024, the CMA directed Topps Tiles Plc and Tiles4Less Limited to appoint a hold separate manager.
- (31.10.24)
Initial enforcement order
3 October 2024: The Competition and Markets Authority has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Topps Tiles Plc and Tiles4Less Limited.
- (7.10.24)
Amendments / consents granted
- (26.11.24)
- (26.11.24)
- (7.10.24)
Contact
Please send written representations about any competition or public interest to:
Updates to this page
Published 3 October 2024Last updated 18 December 2024 + show all updates
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Commencement notice published
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Invitation to comment published.
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Derogations published
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Directions to appoint a monitoring trustee and a hold separate manager published.
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Initial enforcement order and derogation letter published.
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First published.