00:00Poundland could enter administration if it cannot secure a rescue deal before its creditor protection period expires on Thursday,
00:09although that would not automatically mean every shop closes.
00:13The chain is still trading and an administrator would assess whether it can be rescued or sold.
00:19On the 29th of October, Poundland filed a notice that gave it 10 working days of protection from creditors as
00:25it sought a buyer.
00:26That expires on Thursday, the 12th of November, but it can be extended.
00:32The filing itself does not put the company into administration.
00:36No whole chain deal has been agreed.
00:39Martin Property Group says it's willing to buy Poundland as a growing concern after two earlier offers were rejected.
00:46It's asked owner Gordon Brubbers to release funds so shops can restock and suppliers can be paid.
00:52Zyra Group Holdings has also made a proposal, but its financing has not been confirmed.
00:59Gordon Brubbers says it's in active talks with potential buyers and wants to protect as many jobs as possible.
01:05It says it's provided £85 million in extra funding since acquiring Poundland in 2025, while warning the business remains vulnerable.
01:15Poundland says it's stores are open as normal.
01:19If administrators are appointed, they could sell it as a whole or arrange a sale of individual shops.
01:26Without a rescue, store closures are possible.
