Wells Fargo, Barclays backed collapsed Headlam with £85 million

Wells Fargo and Barclays provided up to £85 million in financing to Headlam Group, a British flooring distributor, shortly before the company collapsed and appointed insolvency officials. The significant backing from these major financial institutions highlights the unexpected nature of Headlam's failure despite recent substantial capital support. This case raises questions about due diligence processes and financial risk assessment by leading banks.