Jobs at risk in Portsmouth as Maplin is faced with closure

THOUSANDS of jobs are under threat today, with electronics company Maplin facing administration.
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

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