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High Street

Another 40 Poundworld stores to shutter

The administrators of Poundworld, Deloitte, have announced yet another wave of store closures bringing the total number of shuttered stores to 145 so far.

The latest closure of 40 stores will result in redundancies for 531 employees when the properties shut on Tuesday 24 July 2018.

The news follows the announcement of:

–      The closure of 25 stores, announced on 10 July 2018 (242 redundancies)

–      The closure of 80 stores, announced 13 July 2018 (1,024 redundancies)

Discussions continue between the administrators and interested parties for the potential sale of part, or parts, of the remaining business.

Clare Boardman, joint administrator, said: “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 17 July 2018)

Location Total Headcount
Aberdeen 14
Ashton Under Lyne 16
Bangor 10
Belfast 15
Blackwood 12
Bury 15
Castleford 14
Chatham 13
Crystal Peaks 12
Doncaster 9
Dunfermline – 85 13
East Kilbride 16
Edmonton 9
Guiseley 14
Hull 13
Irvine 13
Irvine 12
Kettering BB 20
Middlesbrough 10
Newbury 11
Newcastle 13
Newport 11
Newtownards 18
Perth 8
Peterlee 11
Plymouth 18
Preston 18
Queensferry 8
Redcar 11
Robroyston 11
Rochdale 16
Rotherham Parkgate 9
Southend 13
Southport 13
St Helens 15
Sutton 13
Swindon 27
Tottenham 14
West Bromwich 13

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