Essential reading for retailers and suppliers in the home improvement market

UPDATE: Floors-2-Go - no interest says administrators, no impact says supplier

Published: 31 July 2008
As previously reported on diyweek.net, the floor coverings retailer Floors-2-Go called administrators Kroll in on July 21 as it could no longer fight "the depressed housing market and the subsequent fall in spending on home improvement".
Kroll has closed 41 stores of the 132-store chain resulting in 97 employees being made redundant.
However, Floors-2-Go has since said it will be unable to pay more than 100 employees including the 97 that were made redundant.

And, Kroll said that it has yet to attract interest for the business, which it wishes to sell as a going concern.

Meanwhile floor coverings maker Kurawood, a supplier of timber flooring to Floors-2-Go, says it expects limited impact from the retailer's demise.

Floors-2-Go initially agreed to stock two colours in each of its stores in the UK, with a third colour choice to be added at the end of the summer.

But, a Kurawood spokesperson told diyweek.net the business is insulated against the downturn in the market. He said: "It's a small contract for us and we should be relatively unaffected. Floors-2-Go is still trading and we continue to supply them on that basis."

Comments


(Your email address will not be published)
1 + 7 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories