Jobs at risk in Portsmouth as Maplin is faced with closure

By The Newsroom
Published 28th Feb 2018, 07:25 BST
Updated 28th Feb 2018, 08:29 BST
Maplin could go under as early as this morning. Picture: Gerald ThompsonMaplin could go under as early as this morning. Picture: Gerald Thompson
Maplin could go under as early as this morning. Picture: Gerald Thompson
THOUSANDS of jobs are under threat today, with electronics company Maplin facing administration.

The retailer, which has a store in Fratton Road, Portsmouth, has failed to secure a takeover deal.

Insurers had been forced to cut credit cover last year, as the company’s profits plummeted.

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The news comes after Toys R Us was also threatened with administration yesterday due to a similar issue.

Owned by Rutland Partners, Maplin had been put up for sale, but talks with a potential buyer broke down.

Related topics:JobsPortsmouth