Bathstore crashes into administration

bathstore 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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.