Bay Trading has announced that it is to go into administration. The decision was taken after credit insurance was withdrawn following the release of it results last week. The move puts 1,000 jobs in 268 branches at risk. The accountants Deloitte will be the administrators, they intend to keep the chain trading whilst they try to find a buyer. Bay Trading’s parent company Alexon operates two separate businesses Epcoscan which trades as Bay Trading and Alexon Brands which runs Ann Harvey, Kaliko, Eastex and Alex and Co. Alexon has said that Bay Trading has been making a loss and has been relying on the rest of the group to survive. It has also said that its other brands will be unaffected by the administration.