Homebase's creditors voted in favour of a Company Voluntary Arrangement (CVA), with 95.92% of creditors backing the plan.

Homebase will now close 42 of its 241 stores during late 2018 and early 2019, leaving 1,500 people at risk of losing their jobs.

The stores to close are:

• Aberdeen Bridge of Don
  Aberdeen Portlethen
  Aylesbury
  Bedford St Johns
  Bradford
  Brentford
  Bristol
  Canterbury
  Cardiff Newport Road
  Croydon Purley Way
  Droitwich
  Dublin Fonthill
  Dublin Naas Road
  Dundee
  East Kilbride
  Exeter
  Gateshead
  Grantham
  Greenock
  Hawick
  Inverness
  Ipswich
  Limerick
  London Merton
  London New Southgate
  London Wimbledon
  Macclesfield
  Oxford Botley Road
  Peterborough
  Pollokshaws
  Poole Tower Park
  Robroyston
  Salisbury
  Seven Kings
  Solihull
  Southampton Hedge End
  Southend
  Stirling
  Swindon Drakes Way
  Swindon Orbital
  Warrington
  Whitby

Damian McGloughlin, CEO of Homebase, 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.

“We can look to the future with great confidence, and we will be working closely with our suppliers to capitalise on the opportunities we see in the home improvement market in the UK and Ireland.”

Source: InsightDIY