UPDATE: Uncertain future for South Yorkshire stores as Poundworld is placed into administration
Staff at numerous Poundworld stores across South Yorkshire face an uncertain future after the company called in administrators.
It has been confirmed this morning that Daniel Butters and Clare Boardman, restructuring partners at Deloitte, have been appointed as joint administrators to Poundworld Retail Limited.
With 11 of these stores in South Yorkshire there could be dozens of jobs at risk.
Poundworld will continue to trade while a buyer for all or part of the business is sought. There are no redundancies or store closures at this time.
"Unfortunately, this has not been possible. We still believe a buyer can be found for the business or at least part of it and we are keeping staff appraised of developments as they happen. We thank all employees for their support at this difficult time.”
There are four Poundworld stores in Sheffield, three in Doncaster, two in Rotherham and two in Barnsley.