Company status Dissolved Dissolved on 22 August Company type Private limited Company Incorporated on 19 December Accounts Last accounts made up to 21 February Annual return Last annual return made up to 4 June It sold Wickes five years later to Travis Perkins.
It was around that time that the company ran into financial difficulties and was close to breaching its banking covenants. Cerberus set about overhauling the group, slashing costs and selling off poorly performing stores, leaving it with Yet in , Focus was forced to enter into a Company Voluntary Arrangement with its creditors.
Mr Clark said the long-term survival of the chain had looked "increasingly uncertain" from November last year, after Cerberus appointed investment bank Lazard to advise on options.
The number of retailers tumbling into administration soared by almost a third in the first three months of the year as the sector struggles to deal with a drop in consumer spending. The subscription details associated with this account need to be updated. Please update your billing details here to continue enjoying your subscription.
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The official launch will be celebrated with a weekend of festivities starting Friday October 16 when visitors to the store will be treated to 15 per cent off everything all weekend and cupcakes.
Darren Wilson, Store Manager at Wickes Midsomer Norton, said: "We've designed the store to make it easier to shop for your home improvement project - the layout will help guide you to everything that you need for your project, in one visit. We're delighted to be one of the first stores in the country to offer the counter service which has helped create a new DIY shopping experience.
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