Focus DIY files intention to appoint administrators

FOCUS DIY yesterday filed an intention to appoint administrators after it defaulted on a credit facility.

The retailer confirmed that Ernst & Young will be appointing administrators. Focus said: “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 DIY chain added that all stakeholders including staff are being informed.