Homebase ‘to collapse into administration’ with 130 shops at risk of closing

Homebase is set to collapse into administration with 130 shops facing closure, putting countless jobs on the line.

The DIY and garden chain closed 106 branches in 2018 and lost more than £40 million in 2022, according to accounts filed at Companies House.

Hilco Capital, which bought the retailer for £1 in 2018, has been trying to balance the books.

In a bid to save some jobs, Sainsbury’s will convert 10 of the Homebase’s 145 stores across the UK and Ireland into supermarkets.

These converted sites are in: Sutton Coldfield, Bromsgrove, Cromer, Derry/Londonderry, Fareham, Inverurie, Lowestoft, Newark, Omagh and Rugby.

The move follows reports that Homebase owners are preparing to sell the company, with rival retail The Range eyeing Homebase up.  

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