Magnet Kitchens to shut 15 UK stores to prevent collapse

Magnet described the stores as “underperforming” and said the closures were part of a company voluntary arrangement (CVA) to help secure the group’s finances.

The CVA is designed to address “property costs that are no longer sustainable.”

Sophie Rose, chief executive of Magnet Group, said: “This is a difficult decision and not one we have taken lightly, particularly where colleagues may be impacted.

“But taking this action now is the right thing to do for the long-term health of Magnet Group.”

The Darlington-based firm sells the likes of kitchen cabinets, worktops, built-in and freestanding appliances, sinks, and taps

Which Magnet Kitchens stores will be closing?

Magnet will shut stores in the following locations:

• Andover, Hampshire
• Birmingham Minworth, West Midlands
• Blackburn, Lancashire
• Bridgwater, Somerset
• Brighton, East Sussex
• Colwyn Bay, Wales
• Dorking, Surrey
• Farnborough, Hampshire
• Ramsgate, Kent
• Romford Trade, Greater London
• Stirling, Scotland
• Stockton, County Durham
• Watford, Hertfordshire
• Weymouth, Dorset
• York Trade, North Yorkshire

The retailer has not shared details on when the above stores will close.

Magnet also did not confirm how many jobs could be affected, but said employees would be offered support and alternative roles where possible.

The company reassured customers that the majority of its 159 stores will continue to operate as normal.

Magnet also confirmed that any customer orders affected by the closures will be transferred to the closest alternative store.

The CVA plan will be overseen by Natasha Harbinson, Will Wright and Chris Pole from advisory firm Interpath, subject to creditor approval.

Ms Rose said: “It allows us to deal with property costs that are no longer sustainable and protect the stronger parts of our estate.”

UK retailers that have closed or entered administration in 2026

It has been a tough year for the UK high street, with several retailers entering administration and others announcing widespread store closures.

Major high street retailers LK Bennett and Claire’s both closed all their stores in April, having previously fallen into administration.

Quiz also revealed that it will be closing its 37 remaining stores by the end of June, after falling into administration in February (for the second time in 12 months).

Other retailers have been forced to close stores this year, including:

Iguanas Holdings Limited, which runs 47 Las Iguanas restaurants across the UK, and Poundstretcher are also in danger of collapsing into administration if restructuring plans aren’t agreed, having “fallen into financial difficulties”.

UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost.

However, it’s not been all bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.

Plus-size clothing brand Evans has also returned to the UK high street in 2026 after closing all its stores and concessions in December 2020.

Do you have a Magnet Kitchens store closing near you? Let us know in the comments.