The south London Homebase stores at risk of closing

This week Homebase was sold to CDS in a rescue deal securing up to 1,600 jobs and 70 stores.

But the future of 49 shops with 2,000 workers is currently uncertain after these stores were not included in the negotiations.

According to a list published by the Daily Mail, seven stores affected are within the capital - with four in south London.

We have reached out to Homebase for confirmation of this.

Which south London stores are at risk?

Streatham Vale - Woodgate Drive, SW16 5YP

⁠Penge - Oakfield Road, SE20 8RD

⁠Catford - Beckenham Hill Road, SE6 3NU

Orpington - Sevenoaks Way Industrial Estate, Main Road, BR5 3QD

Teneo were appointed as the retailers official administrators before the deal was struck with CDS, owners of The Range.

Teneo said the remaining 49 UK stores will continue to trade as normal while administrators try to find a buyer.

CDS, which is owned by retail magnate Chris Dawson, bought the brand which has been trading in the UK for 40 years.

Damian McGloughlin, chief executive of Homebase, said the last three years had been “incredibly challenging” for DIY stores, blaming “a decline in consumer confidence and spending” after the pandemic.

Damian said: “Against this backdrop, we have taken many and wide-ranging actions to improve trading performance including restructuring the business and seeking fresh investment.

“These efforts have not been successful and today we have made the difficult decision to appoint administrators.