Focus DIY has gone into administration, and has appointed Ernst & Young as administrator, following the recent issue of this statement: "Following notification of an event of default under the senior credit facility, and a realisation that there were no alternatives that could be explored any further, Focus directors have come to the conclusion that to protect the interests of creditors they have no choice but to seek protection through filing a notice of intention to appoint administrators.
"The directors have sought consent from the business's lenders to appoint E&Y as the administrators. All stakeholders including staff are being informed."
The company has 178 stores in England, Scotland and Wales, and employs more than 3900 staff.
