Partly Cloudy

Partly Cloudy

max temp: 10°C

min temp: 4°C

Search

Ipswich Homebase store to shut down

PUBLISHED: 14:32 31 August 2018 | UPDATED: 14:32 31 August 2018

Homebase Store in Ipswich. Picture: Jessica Hill

Homebase Store in Ipswich. Picture: Jessica Hill

Archant

It has been confirmed that the Homebase store in Ipswich will close down.

Homebase has secured approval from creditors to close 42 stores in the UK, putting around 1,500 jobs at risk.

The Ipswich store, on Felixstore Road, Warren Heath, will close later this year or in early 2019. However, the two stores in Norwich and one in Colchester have been spared.

The retailer is closing the stores via a Company Voluntary Arrangement (CVA), an insolvency procedure used by struggling firms to shut under-performing shops. Over 95% of landlords to the struggling chain voted to approve the proposal at a meeting on Friday, staving off the immediate threat of administration.

Homebase boss Damian McGloughlin said: “We are pleased that an overwhelming majority of our creditors, including such a proportion of landlords, have supported the plans laid out in the CVA.

“We now have the platform to turn the business around and return to profitability. This has been a difficult time for many of our team members and I am very grateful for their continued support and hard work.”

Search hundreds of local jobs at Jobs24

TV naturalist Chris Packham has called on energy bosses to “work harder” to avoid building a massive substation in a “beautiful” Suffolk habitat.

Are plans to build a huge substation in an Area of Outstanding Natural Beauty setting a dangerous precedent? Sheena Grant speaks to campaigners fighting to protect the Suffolk Sandlings.

European freight specialists, Jordon, has been named as a finalist in the 2018 British International Freight Association Freight Service Awards.

Award winning Colchester photographer Sophie Skipper, is celebrating her recognition as a Small Business 100 and is asking local people to join the celebrations by taking part in a unique showcase of the people of Colchester.

A ground-breaking ceremony was held at Harwich International Port today to mark the start of construction of the £10 million operations & maintenance (O&M) base for Galloper Offshore Wind Farm.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24