Eagle Radio {%endif%}

Eagle Radio


Visit the Camberley Glass website to find out more
Visit the Camberley Glass website to find out more
Step One Finance sponsors Eagle Radio local news

Bathstore collapses placing more than 500 jobs at risk

Bathstore collapses placing more than 500 jobs at risk

Published by Josh Kerr at 2:10pm 26th June 2019. (Updated at 4:59pm 26th June 2019)

Specialist bathroom retailer Bathstore has collapsed, placing more than 500 jobs at risk.

Administrators from business services firm BDO said the company was continuing to trade as normal for now as they hoped to sell the company as a going concern.

Bathstore employs 531 people across its 135-strong store, including in Camberley, Farnborough, Fleet and Guildford.

The company joins a list of casualties as the retail sector continues to be hit by tough trading - a result of weak consumer confidence and high costs from the likes of business rates and minimum wage demands.

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."

Bathstore joins the likes of Maplin and Toys R Us to have collapsed in the last 18 months.

Tens of thousands of jobs have been lost elsewhere following store closure programmes at chains such as Debenhams, House of Fraser and New Look.

Sir Philip Green's Arcadia Group, which owns Top Shop, was last week forced to beg creditors for approval for a rescue deal.

The most recent, Monsoon Accessorize, unveiled a plan on Thursday to seek steep rent cuts in exchange for handing landlords a £10m share of future profits.

Contact Us

If you would like to submit a query or provide more information on this story please get in touch below.

Please wait...
  • Up to 3 JPG or PNG images, 2MB max size
  • We will always endeavour to credit you when we publish your pictures.
  • By uploading you are agreeing to this non-exclusive reuse, royalty-free, across all Eagle Radio platforms, which extends to our partner broadcasters.
  • You retain copyright to all images.
  • If you would like to send us a video, please upload to YouTube or similar and paste the video URL into the message above.