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Bathroom retailer Bathstore has appointed audit and business advisory firm BDO as administrators as the company attempts to be sold as a going concern.
The retailer has 135 stores across the UK and employs 531 staff; it will continue to trade as normal.
Ryan Grant, BDO business restructuring partner, said: “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 contacted directly but can also find information on the company’s website.”
