{"id":417316,"date":"2011-05-04T14:07:10","date_gmt":"2011-05-04T14:07:10","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/04\/focus-diy-seeking-administration\/"},"modified":"2011-05-04T14:07:10","modified_gmt":"2011-05-04T14:07:10","slug":"focus-diy-seeking-administration","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/","title":{"rendered":"Focus DIY seeking administration"},"content":{"rendered":"<p><div readability=\"54.3692307692\"><span><span>4 May 2011<\/span> <span>Last updated at<\/span> <span>10:07 ET<\/span><\/span><\/p>\n<p>The Focus DIY chain has said it intends to go into administration.<\/p>\n<p>The move follows &#8220;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&#8221;.<\/p>\n<p>Focus DIY was founded by Bill Archer in 1987, with six stores in the Midlands and the north of England.<\/p>\n<p>The company now has 178 stores in England, Scotland and Wales, and employs more than 3,900 staff.<\/p>\n<p>Focus said its directors had sought consent from the firm&#8217;s lenders to appoint Ernst &#038; Young as the administrators.<\/p>\n<p>All stakeholders including staff are being informed.<\/p>\n<p>Focus used to own the Wickes chain, which it bought in September 2000 before selling it in February 2005 to Travis Perkins.<\/p>\n<p>Private equity firm Cerberus bought Focus in 2007 for \u00a31. It was heavily indebted at the time and Cerberus said it would pay off the firm&#8217;s \u00a3174m of debts.<\/p>\n<\/div>\n<p>Originally posted here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-13283501\" title=\"Focus DIY seeking administration\" rel=\"noopener noreferrer\">Focus DIY seeking administration<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 4 May 2011 Last updated at 10:07 ET The Focus DIY chain has said it intends to go into administration. The move follows &#8220;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&#8221;. Focus DIY was founded by Bill Archer in 1987, with six stores in the Midlands and the north of England. <\/p>\n","protected":false},"author":0,"featured_media":417317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-417316","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Focus DIY seeking administration - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Focus DIY seeking administration - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"4 May 2011 Last updated at 10:07 ET The Focus DIY chain has said it intends to go into administration. The move follows &quot;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&quot;. Focus DIY was founded by Bill Archer in 1987, with six stores in the Midlands and the north of England.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Focus DIY seeking administration\",\"datePublished\":\"2011-05-04T14:07:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/\"},\"wordCount\":164,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Sports\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/\",\"name\":\"Focus DIY seeking administration - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2011-05-04T14:07:10+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Focus DIY seeking administration - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/05\/04\/focus-diy-seeking-administration\/","twitter_card":"summary_large_image","twitter_title":"Focus DIY seeking administration - Ghanamma.com","twitter_description":"4 May 2011 Last updated at 10:07 ET The Focus DIY chain has said it intends to go into administration. 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