Floors 2 Go to Go
Floors 2 Go has gone into administration for the second time in just three years, according to a shock statement that was made on Wednesday night. The company, which specialises in wood flooring and associated products (which help with wood floor restoration, among other things) and which is based in Birmingham, began to suffer difficulties back in 2008, only to be saved from collapse by relations of the family that originally founded the business twelve years ago, back in 1999. Now, however, Floors 2 Go has gone into administration again, with more than 50 of the company’s 90 flooring stores having already closed their doors and more expected to follow suit before too long.
Almost 200 jobs have already been lost in the company as a whole; 10% of those coming from the Birmingham head office, and only as few as 162 employees are expected to be able to continue working due to the latest crisis.
What remains of Floors 2 Go has now been sold off to a specially formed brand new company known as Nixon & Hope, whose aim is to be able to try to salvage at least a part of the ailing firm. Reports were widely circulated that several showrooms have already been shut down, with stock removed, although this has not yet been officially confirmed. At the start of 2011 the company seemed to be on the up, receiving an investment of £3.3 million, and as many as 60 new stores being planned for.