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Poundworld to shutter a further 80 stores

The administrators of Poundworld, Deloitte, have announced a further 80 store closures, in addition to the closure of 25 stores announced on 10 July 2018.

The shuttering of these 80 stores will be phased from Friday 20 July to Sunday 22 July, reducing the number of open stores to 230.

According to the group the closure of these stores will not impact the potential sale for part, or parts, of the remaining business, with discussions continuing with interested parties.

Clare Boardman and Daniel Butters, restructuring partners at Deloitte, were appointed as joint administrators to the Company on 11 June 2018.

Clare Boardman, joint administrator, said: “Whilst we remain hopeful that a sale for part, or parts, of the business can still happen, it has not been possible to sell the business as a whole. We would like to thank all the employees for their continued support and commitment during this difficult time. We are keeping staff appraised of developments as they happen.”

List of store closures and redundancies (announced 13 July 2018)

Location Total Headcount
Aberdeen 14
Banbury 16
Banbury 13
Bexley Heath 17
Birkenhead 8
Blackburn 13
Bloxwich 13
Blyth Bb 9
Bolton 7
Bolton Breightmet Rp 15
Bootle 11
Bradford 23
Bradford 24
Bristol 12
Bristol 14
Bude 6
Burton Upon Trent 10
Canterbury 15
Cardiff 14
Chelmsford 16
Chester 14
Corby 13
Coventry 20
Coventry 14
Cramlington 15
Dagenham 8
Darlington 13
Dewsbury 7
Fleet 8
Fulham 13
Gateshead 14
Glasgow 12
Gloucester 15
Greenock 12
Grimsby 10
Harlow 14
Harrogate 17
Havant 9
Hinckley 10
Huddersfield 11
Huddersfield 6
Inverness 12
Jarrow 10
Kings Lynn 26
Kirkby <

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