Leading wood floors retailer Floors2Go has gone into administration.
Administrators at Senate Recovery Ltd have secured a sale for the continued trading of 35 of the 90 stores and the jobs of 162 employees.
The company’s descent into administration was blamed on recent poor sales.
It is the second time the company has gone into administration. The first time was in 2008 when it was under different ownership.
“We have worked hard with the company, its directors, other parts of the Senate group and an external funder to achieve this deal despite hostile economic and trading conditions,” said Jeremy Bowen, director at Senate.
