// Bathstore enters administration and hires BDO to handle the process
// The decision has put 500 jobs at risk
// According to its last set of accounts, it had sales of £140m
Bathstore has entered administration, ultimately putting 500 job at risk after failing to find a buyer.
The specialist bathroom retailer has appointed BDO restructuring partner Ryan Grant to oversee the administration.
“Despite significant investment into the business over the past five years, Bathstore has struggled to overcome the well-documented challenges facing the UK retail sector,” Grant said.
The retailer, headquartered in Hertfordshire, currently operates from 135 stores across the UK and employs 531 staff.
According to its last set of accounts, it had sales of £140 million.
Grant said BDO will aim to keep Bathstore trading while it sought a buyer.
Bathstore has been affected by the slowdown in housing transactions, and the consumer uncertainty.
Rval chain Better Bathrooms went into administration earlier this year, citing poor trading conditions.