Poundland on brink of administration, union warns

Summarised from 2 outlets · Updated 13 Oct, 16:32 · Archive

Poundland risks entering administration, potentially affecting 600 stores and 12,000 jobs, according to union Usdaw.

Poundland is reportedly on the brink of entering administration, potentially affecting around 600 stores and 12,000 jobs, according to trade union Usdaw. Current owner Gordon Brothers bought the company for £1 in 2025 and has put it up for sale. The company is in ongoing talks with prospective buyers, including the Martin Property Group. A management buy-out has also been attempted, though Usdaw says those offers are being turned down.

Bally Auluk, Usdaw national officer, said Gordon Brothers has 'failed to engage' with the union to secure the business's future. He warned that sources within the company suggest a decision about Poundland's future could be made as early as tomorrow, and expressed 'deep concerns' that the business could go into administration. Auluk called this 'a disaster for our members'.

Usdaw questioned why Poundland was being described as struggling, noting the company recently announced it had returned to like-for-like sales growth. Poundland has confirmed it is in talks with potential buyers as it looks to secure a rescue deal, but has not publicly commented further on the administration threat or the union's concerns.

Poundland on brink of administration, union warns — Image: Oxford Mail

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How it is being reported

UK high street favourite on brink of administration collapseA UK high street favourite is reportedly on the brink of a collapse into administration, according to a union.Oxford Mail · 13 Oct, 16:00
UK high street favourite on brink of administration collapseA UK high street favourite is reportedly on the brink of a collapse into administration, according to a union.Oxfordshire Guardian · 13 Oct, 16:00

In this story: Poundland · Gordon Brothers · Usdaw · Martin Property Group · Bally Auluk

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