Partly Cloudy

Partly Cloudy

max temp: 15°C

min temp: 5°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

The family of an elderly man who died after “woeful” record-keeping at a care home failed to detect health problems have said they hope his carers have learned lessons from the tragedy.

The centenary of the end of the First World War is now just three weeks away with ceremonies to mark the Armistice happening across the world as well as here at home in East Anglia.

Once the mist and fog clears this morning, it is set to be a dry and bright day in Suffolk and north Essex with plenty of sunshine expected over the weekend.

Today is your final chance to stake your claim on a share of £10,000 worth of sporting equipment that we are giving away to Suffolk youth football teams.

What jobs will be gone in 20 years time? Lynne Mortimer looks at the most vulnerable.

Raiders caused hundreds of pounds of damage when they threw a concrete paving stone through a shop door window – just to steal a few measly bags of crisps.

A rider who reportedly tested positive for drugs was arrested after an unregistered vehicle was stopped by police.

Although most of the 93,000 passengers passing through Stansted’s doors tomorrow for the start of their half term holidays will be blissfully unaware of it, the next few weeks will be a crucially defining moment in the history of Stansted Airport.

A child has been injured after reportedly being hit by a suspect’s vehicle during a police car chase in Ipswich.

Two police officers could face court action relating to the death of former Ipswich Town striker Dalian Atkinson.

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Ipswich Star daily newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24