A new business is to settle in the former CTD Tiles shop in Ipswich, saving more than 40 jobs.

Stiled LTD has announced it will be taking over 16 of the CTD Tiles stores, including the Ipswich branch.

CTD Tiles fell into administration three weeks ago, shutting 56 stores with immediate effect. Ipswich and Chelmsford will now trade as Tile Giant, owned by Stiled LTD.

READ MORE: Ipswich CTD Tiles store closes as firm enters administration

Matt Williams, chief executive, said: “We are delighted to reopen these stores that had been closed and re-employ the brilliant teams who worked in them.

"Our focus will be on working with our new colleagues to launch our market leading and inspiring tile ranges on display. We urge all CTD Tiles LTD customers to get in touch with us so that we can arrange to fulfil any outstanding orders.”

A spokeswoman for Tile Giant said: "We have now reopened the store and are trading again in Ipswich as Tile Giant, with those who temporarily lost their jobs back in store as of last week."

The company encourages all former CTD Tiles employees to consider joining Stiled, offering more than 40 roles across the retailer.