Floors-2-Go is close to securing new investment, and is thought to be looking to acquire up to £5m to fund expansion.

The flooring retailer, which fell into administration last year and was bought by its founders Robert and Richard Hodges as part of a pre-pack deal, is in talks with venture capital investors.

A source told The Independent on Sunday: “Floors-2-Go’s numbers look pretty good. They are benefiting from people improving their homes rather than moving. It’s a good business.”

The Hodges took on 80 out of the original 132 Floors-2-Go stores after the retailer ‘s collapse last year.

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