Nottingham jobs could be at risk after McColl's said it was increasingly likely that it would be placed into administration. The convenience store chain has at least 15 shops in the Nottinghamshire according to its website.
These could all be at risk after McColl's released a statement saying it could enter administration as soon as Friday, May 6. The company said: "McColl's confirms that unless an alternative solution can be agreed in the short term, it is increasingly likely that the Group would be placed into administration with the objective of achieving a sale of the Group to a third-party purchaser and securing the interests of creditors and employees."
McColl's, which has an extensive partnership with major supermarket Morrisons, reiterated that it remained in talks on potential financing solutions to resolve short-term funding issues and create a stable platform for the business. The 1,100-store group, which runs McColl's and Morrisons Daily branded convenience stores as well as Martin's newsagents, employs about 16,000 people.
It has seven branches in Nottingham, as well as stores in Keyworth, Eastwood, Hucknall and Worksop. Earlier this week, McColl's said it was likely to request the listing of its shares be suspended on June 1 as it would not meet a deadline to publish its annual results by the end of May.
