700 jobs at risk after UK’s biggest bathroom specialist faces collapse
Advisory firm BDO has been lined up to handle a potential administration after the loss-making business failed to find a buyer. It is understood that the group’s owner is unwilling to put in more cash to save the business ahead of this month’s rent day.
The chain has 168 stores and about 700 employees. It is based in Welwyn Garden City, has been owned by the American billionaire Warren Stephens since 2014, when he backed a management buyout. ■