By Leanne Carr2019-06-26T13:45:00
Bathstore.com has collapsed into administration following years of tough trading conditions, putting hundreds of jobs at risk.
Administrators from BDO has said the specialist bathroom retailer – which has 135 stores –will continue to trade while a sale is explored.
If a buyer can’t be found 531 staff jobs across its stores and head office will be on the line.
Bathstore’s latest account showed a pre-tax loss of £22m on sales of £141m in the year to July 31, 2017.
The group’s owner American billionaire Warren Stephens provided a £15m loan and extended the maturity of previous loans until the end of July but is unwilling to inject more cash into the business.
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