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| Shutters fall at six DIY outlets | Shutters fall at six DIY outlets |
| (about 9 hours later) | |
| All six of Budget DIY's Northern Ireland stores have closed. | |
| Administrators Pricewaterhouse Coopers say staff wages will be paid, but all 187 workers were made redundant when the stores ceased trading at noon. | |
| The company went into administration at the weekend. Attempts by the owners to find a buyer proved unsuccessful. | The company went into administration at the weekend. Attempts by the owners to find a buyer proved unsuccessful. |
| PWC have approached a number of employers to ask if they can offer work to the staff who are losing their jobs. | PWC have approached a number of employers to ask if they can offer work to the staff who are losing their jobs. |
| It is understood that major retailers and call centres are amongst those who have been asked to help. | It is understood that major retailers and call centres are amongst those who have been asked to help. |
| All of the outlets opened for business on Thursday morning, except the outlet at Kennedy Way in west Belfast, which was the subject of an attempted armed robbery on Wednesday. | All of the outlets opened for business on Thursday morning, except the outlet at Kennedy Way in west Belfast, which was the subject of an attempted armed robbery on Wednesday. |
| Teams of accountants from PWC are visiting all the stores and will help staff fill out forms to apply for redundancy from the government. | Teams of accountants from PWC are visiting all the stores and will help staff fill out forms to apply for redundancy from the government. |
| The Department of Enterprise,Trade and Investment (DETI) has been asked to provide an advisory service for staff. | The Department of Enterprise,Trade and Investment (DETI) has been asked to provide an advisory service for staff. |
| Budget, founded in 1983, has six stores across Northern Ireland including Bangor, east and west Belfast, Newtownabbey and Londonderry. | Budget, founded in 1983, has six stores across Northern Ireland including Bangor, east and west Belfast, Newtownabbey and Londonderry. |
| In recent years it suffered significant losses as a result of growing competition. | In recent years it suffered significant losses as a result of growing competition. |
| In March 2006, the share capital of the company was acquired by Star Trading Ltd, a wholly-owned subsidiary of the Manchester-based Hilco Group. | In March 2006, the share capital of the company was acquired by Star Trading Ltd, a wholly-owned subsidiary of the Manchester-based Hilco Group. |