Restructures and Receiverships – Page 18
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News
Poundworld to close 25 stores leading to 242 redundancies
The affected stores will trade for their last day this Sunday (15 July) leading to the redundancies next Tuesday
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News
Poundworld rescue talks collapse, says chain's founder
Chris Edwards said his best offer had proved lower than the minimum Deloitte was willing to accept
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KPMG faces investigation over Conviviality accounts audit
The auditor has stressed it completed its work “appropriately”
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News
Poundworld rescue deal 'further away' claims founder
‘My heart tells me I want to save the brand because we created it and my head is saying I think they’ve run it down too far’
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Pet goods supplier Petface rescued from administration
Petface appointed administrators BDO last week
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Poundworld founder Chris Edwards looking to buy 186 stores
A decision is due to be announced by administrators Deloitte on whether a buyer has been secured or all 335 stores face closure
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Organic children's food brand Miniscoff in liquidation and seeking buyer
The Wiltshire-based company cited the loss of a major contract for its decision to cease trading 25 May
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News
Dart Valley Foods falls into administration
Hampshire-based condiments supplier Dart Valley Foods has fallen into administration.
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Poundworld makes a third of head office staff redundant
The high street chain axed 98 of around 270 head office posts yesterday
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Conviviality Retail unsecured creditors owed £31m at time of collapse
The retail arm of stricken alcohol business Conviviality went into administration with unsecured creditors of £31.3m, newly released documents have revealed.
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Analysis & Features
Poundworld: as rivals flourish, what went wrong?
In a year punctuated by high street insolvencies, the biggest so far in job loss terms loomed this week as Poundworld appinted administrators
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News
Poundworld founder Chris Edwards in talks to buy back stores
The discounter collapsed into adminstration yesterday
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News
Poundworld collapses into administration
Talks with potential buyer RCapital collapsed over the weekend, putting around 5,100 jobs at risk
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News
Poundworld buys time with intention to appoint administrators
The process gives the chain 10 working days’ protection from creditors, after which an administrator will be appointed
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Prospective buyer of Poundworld reported to have withdrawn
Alteri Investors pulled out of negotiations within the last 24 hours, according to Sky News
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News
Tulip to cut 150 jobs in Bodmin as production levels fall
It comes as Young’s Seafood also confirms plans to close its Annan factory
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News
Soulmate Food bought out of administration by Kettlebell Kitchen
Online healthy food delivery company Soulmate Food has been bought out of administration by health food supplier Kettlebell Kitchen, saving around 20 jobs
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News
Gressingham Foods buys Yorkshire Game in administration rescue deal
Wild meat producer Yorkshire Game has been bought by Gressingham Game after entering administration, saving 23 jobs
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News
Specialist Italian wholesaler Guidetti goes into liquidation
The company has been voluntarily wound up by its owners
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News
Arla to end cheese production in Wales
Up to 154 jobs could be lost as part of a strategic review of its cheesemaking division