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  1. Published on: 11/06/2018 10:34 AMReported by: roving-eye
    Two Southport Poundworld stores under threat as store goes into administration.


    Discount retailer Poundworld is expected to appoint administrators, putting 5,100 jobs at risk.

    Talks with a potential buyer R Capital have collapsed meaning that the chain felt it had no other option but to put the company into administration.

    Poundworld, which has 355 stores, and serves two million customers a week, also trades under the Bargain Buys brand name.

    Deloitte is expected to be appointed to oversee the administration.

    It will be hoping to sell the business as a going concern.

    Poundworld has been losing money for the past two years. Losses for the financial year 2016-17 were £17.1m, up from £5.4m the year before
     

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    Contact us with your news. Mob/Txt 07530 315 478 southport@qnews.co.uk




  2. Contact us with your news. Mob/Txt 07530 315 478 southport@qnews.co.uk




    Your Comments:


  3. toffee man says:11/06/2018 12:53 PM
    I blame Bootle Labour

  4. MargeSimpson says:11/06/2018 08:17 PM
    I can never find anything worth buying when I go around the shop. Presumably many other people do the same.


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