Administration looms for struggling Focus DIY - Telegraph.co.uk

The company carried out a company voluntary arrangement in 2009, a controversial alternative to administration under which creditors are asked to accept reduced terms.

Focus's lenders include GMAC Financial Services and HBOS. Goldman Sachs and the retailer's management held some of the equity as recently as last year, however it is unclear whether they still do.

A survey from Deloitte shows that the number of retailers falling into administration in the first quarter of this year increased by 30pc compared to last year.