banner ad
blog post banner

Britain’s biggest bathroom retailer in administration

July 2019

Bathroom retailer Bathstore has collapsed, placing more than 500 jobs at risk, following several months of ‘difficult trading’.  BDO has been appointed administrators while the company tries to find a buyer. Bathstore will continue trading ‘with a view to exploring a sale as a going concern,’ stated BDO.

Ryan Grant, BDO business restructuring partner, stated: “Despite significant investment into the business over the past five years, Bathstore has struggled to overcome the well-documented challenges facing the UK retail sector.  The appointment was made after several months of difficult trading, and the failure of ongoing talks to find a buyer for the business.  Bathstore is continuing to trade in administration, whilst the administrators seek a buyer.  Subject to available stock, Bathstore is expecting to be able to satisfy the majority of outstanding customer orders, with the support of key stakeholders.  However, all installation services have ceased with immediate effect.”

Customers will be able to still receive their orders as DHL has agreed a deal with Bathstore’s administrators.  A spokesperson for DHL Supply Chain said: “Following discussions with the administrators we have agreed to continue providing delivery services to Bathstore while efforts continue to find a buyer.”

Bathstore employs 531 people across its 135-strong store network and at its Welwyn Garden City head office.  The company joins a list of casualties in the retail sector: a consequence of weak consumer confidence and high costs such as business rates and wages.

More at: www.bathstore.com

Government updates Coronavirus guidance

The Government has updated its guidance on the Coronavirus Job Retention Scheme, which confirms how the scheme will change from...

Continue Reading

Laminam acquired by Alpha Private Equity

A few months after selling 60% of System’s ceramic business to Coesia through the new company System Ceramics, Franco Stefani...

Continue Reading

Six new entrants to the top 10 in the contractor league table

For October, there have been six new entrants to the Top 50 Contractor League in the first ten spots, shaped...

Continue Reading