skip to main content
Find Insight DIY on
* * *

UK DIY News

Focus collapse claims first supplier victim

FOLLOWING THE COLLAPSE of Focus DIY, administrators from FRP Advisory have been called to distributors Proteam UK.
Jason Baker and Geoff Rowley, partners at FRP Advisory, were appointed yesterday to the Tonbridge-based company, which supplies products to DIY stores and supermarkets.

Commenting on the reasons for the administration, Baker said: "A large proportion - approximately 35 percent - of Proteam UK's sales came from Focus, the DIY chain, which itself entered administration in May 2011.

"As a result of the loss of sales from this major client, Proteam UK experienced serious liquidity problems and was unable to continue to trade without the protection of administration."

Ernst & Young administrators were appointed to Focus DIY in May this year. They were able to sell 55 stores out of 178 to various outlets including Kingfisher and Wickes. The administrators are in discussions to close the retail chain.
FRP Advisory administrators will continue to trade Proteam UK, which has 50 staff, while seeking a buyer. There are no planned redundancies.

Source : Rachael Singh - Accountancy Age
www.accountancyage.com/aa/news/2078712/focus-diy-claims-supplier-victim

14 June 2011
view more UK DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry