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

I blame Bootle Labour

I can never find anything worth buying when I go around the shop. Presumably many other people do the same.