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DIY giants Homebase with store in Morecambe collapse into administration

Homebase in Morecambe

DIY giants Homebase - who have a store in Morecambe - have collapsed into administration.

HHGL Limited and Hampden Group Ltd, operating under the brand Homebase, entered administration on November 13.

Homebase has a DIY, gardening and home improvements store at Hillmore Way (also known as the Morrison's retail park) in Morecambe.

Joint administrators for the company have sold up to 70 Homebase stores in the UK to CDS (Superstores International), trading as The Range and wilko. This followed the sale of 11 stores to Sainsbury's, with completion expected on a further three stores.

This leaves 49 Homebase stores around the country which remain at risk, as the joint administrators talk to other interested parties.

Beyond Radio has contacted the joint administrators to ask about the future of the Morecambe store. 

As yet they have not disclosed the locations of the stores which have been sold.

A spokesperson for administrators Teneo Financial Advisory Ltd said: "All stores remain trading but we will be in touch if that changes."

Homebase has around 3600 employees and 133 stores across the UK.  

A statement from the Insolvency Service said: "On 13 November 2024 HHGL Limited and Hampden Group Limited, operating under the brand Homebase, entered administration and Gavin Park, Gavin Maher and Adele Macleod of Teneo Financial Advisory Limited were appointed as Joint Administrators.

"Immediately following the appointment, the Joint Administrators acting for Homebase completed a sale of up to 70 UK stores, the brand and IP to CDS (Superstores International) trading as The Range and wilko, which is expected to secure up to 1,600 jobs.

"Homebase stores will continue to trade until handed over to CDS.

"This follows the sale of 11 UK stores to Sainsbury’s, with completion expected on a further three.

"The remaining 49 UK stores will continue to trade as normal whilst the Joint Administrators continue discussions with interested parties.  

"There will not be any immediate redundancies whilst the Administrators urgently assess the position of the Companies.

"All employee wages and benefits will be paid for their period of employment. Customer orders will still be fulfilled as far as possible, and arrangements will be put in place to allow gift vouchers to be used. 

"This will be a worrying time for employees, as well as creditors. Government will do all it can to support them."

A notice in the window at the Morecambe Homebase store says: "HHGL Limited and Hampden Group Limited in Administration (the Companies).

"Gavin Park, Gavin Maher and Adele Mcleod of Teneo Restructuring Limited were appointed Joint Administrators of the Companies on November 13 2024.

"The affairs, business and properties of the Companies are being managed by the Joint Administrators. The Joint Administrators act as agents of the Companies and contract without personal liability.

"The Joint Administrators are authorised by the Institute of Chartered Accountants in England and Wales. All licensed insolvency practitioners of Teneo Restructuring Limited are licensed in the UK."

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