Godfrey DIY stores bought out of liquidation
- 7 February 2013
- From the section England
A DIY business hopes to re-employ about 15 of the people who lost their jobs when the company went into liquidation.
Godfrey DIY Supermarkets Limited, which is based in Norwich and also has stores in Diss and Stowmarket, Suffolk, lost 35 of its 50 staff last month.
The stores in Diss and Stowmarket have now been bought out of liquidation, by a company owned by Godfrey's managing director Barry Godfrey.
Mr Godfrey said the future of the Norwich store "remains uncertain".
McTear Williams and Wood were appointed liquidators on 30 January and the following day sold the business and assets of the Diss and Stowmarket stores to Harvey House Retail Limited.
They will trade as going concerns.
Mr Godfrey said: "We are pleased to have been successful in buying the Diss and Stowmarket assets from the liquidator and to be able to re-employ about 15 people."