After two and a half years under the ownership of turnaround specialist Hilco, Homebase is seeking new owners to drive the next stage of its growth strategy. 

Bought for just £1 in 2018 after a disastrous period under the ownership of Australian retailer Wesfarmers, Hilco’s tenure has brought the home enhancement business back into the black.

Industry observers believe trade buyers are unlikely to take much interest in Homebase, so a private equity deal is most likely.