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Page last updated at 12:25 GMT, Wednesday, 23 July 2008 13:25 UK
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Administrators take over DIY firm

Administrators which have taken over a DIY flooring retailer have closed 41 of its 132 stores and are looking for a new buyer.

Birmingham-based Floors2Go, one of England's biggest wood and laminate floor sellers, called in Kroll on Monday evening.

Almost 100 of the firm's 450 staff have since lost their jobs. The fall in the housing market has been blamed.

The firm will continue to trade while a new buyer is sought.

Kroll spokesman Fraser Gray said all retailers were facing a "particularly hostile trading environment" and it was affecting the home improvements sector.

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SEE ALSO
Damp spring rains on B&Q parade
04 Jun 08 |  Business
DIY costs soar in past two years
03 Jun 08 |  Business
Home Depot hit by housing slump
21 May 08 |  Business
Profit alert hits DIY floor firm
24 Jun 05 |  Business

RELATED INTERNET LINKS
Floors2go
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FROM OTHER NEWS SITES
Bath Chronicle Buyer sought for crippled floors giant - 22 hrs ago
Guardian Unlimited Flooring chain calls in administrators - 24 hrs ago
Somerset Standard Buyer sought for flooring chain - 25 hrs ago
Birmingham Post Floors-2-Go put up for sale by administrators - 28 hrs ago
Sunday Mirror Sarah Beenys guide to surviving the property crunch - 37 hrs ago
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