Homebase Ireland in examinership

The Irish arm of the Homebase DIY chain has been placed into the equivalent of administration, known as examinership.

Homebase has 15 stores in the Republic of Ireland employing 558 people. It said it is considering closing three stores.

Homebase Ireland has seen its sales fall by 31 per cent since 2009 and has not made a profit in the last five years.

The company said it is now seeking to restructure the business to put it back on a "sustainable footing".

It added that it would try to protect as many jobs as possible.

It is the latest in a series of UK-based multiples which have used insolvency procedures to restructure their Irish businesses and get out of onerous 'upward only' leases.

Earlier this year Kingfisher, the retail giant that owns B&Q, puts its nine large stores in the Republic of Ireland into examinership.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Read These Next

What do horticulturists want from Parliament to develop sector innovation?

What do horticulturists want from Parliament to develop sector innovation?

The importance of horticultural science and of driving horticultural innovation were on the agenda for the second of three sessions with the All-Party Parliamentary Gardening & Horticulture Group on the future of horticulture post-Brexit.

SPECIAL REPORT Wyevale Garden Centres sale in full, plus what the sale means for suppliers, competitors and wider garden industry

SPECIAL REPORT Wyevale Garden Centres sale in full, plus what the sale means for suppliers, competitors and wider garden industry

Terra Firma's decision to put 145 garden centres on the market at once has shaken up the industry.

Business planning - Planning for uncertainty

Business planning - Planning for uncertainty

Planning, organisation and discipline are all areas where horticulture firms can take lessons from the military, says Neville Stein.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES 2017

See our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles

PLANT SUPPLIERS GUIDE

Free to subscribers, the essential guide for professional plant buyers
 

Download your copy