Poundland on brink of administration with 600 stores at risk
Summarised from 2 outlets · Updated 29 Oct, 12:46 · Archive
Poundland is preparing to enter administration after owner Gordon Brothers rejected a takeover offer from Irish real estate firm Martin Property Group, which management had named as their preferred bidder. The company is expected to file a notice of intention to appoint administrators, which would give the business ten working days of breathing space from creditors to pursue a potential rescue deal.
The situation threatens 12,000 UK jobs and 600 stores nationwide. In Worcestershire, three stores remain at risk: locations in Malvern, Bromsgrove and Kidderminster. Worcester's Poundland closed in August 2025 and Droitwich's location shut in December 2025; both had occupied former Wilko premises, now used by Mountain Warehouse and Iceland respectively.
Gordon Brothers, which acquired Poundland for £1 last year, launched a sale process for the retailer in early September. The business could be broken up, with several retailers understood to be interested in acquiring parts of it. These include CDS Superstores (owner of Wilko and The Range), Fortress (owner of Poundstretcher) and Modella (owner of TG Jones).
How it is being reported
- Three Worcestershire Poundland stores at risk as brand on brink of administrationPoundland administration fears put Worcestershire's Malvern, Bromsgrove and Kidderminster stores at risk, with 600 stores and 12,000 UK jobs threatened.Worcester News · 29 Oct, 12:06
- Three Worcestershire Poundland stores at risk as brand on brink of administrationPoundland administration fears put Worcestershire's Malvern, Bromsgrove and Kidderminster stores at risk, with 600 stores and 12,000 UK jobs threatened.Malvern Gazette · 29 Oct, 12:06
In this story: Poundland · Gordon Brothers · Martin Property Group · Worcestershire · Malvern · Bromsgrove · Kidderminster
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