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Jobs lost in Buckley as supermarket firm goes into liquidation

Published date: 09 March 2017 |
Published by: David Humphreys 
Read more articles by David Humphreys  Email reporter


 

Dozens of shop workers have lost their jobs after a supermarket chain’s owners went into administration.

More than 30 people in Buckley have been made redundant after the company operating Budgens, which has a store based on Brunswick Road, fell into difficulty.

It was confirmed last month that Michael Denny, Robert Moran and Matthew Hammond of Pricewaterhouse Coopers (PwC) had been appointed as Joint Administrators of Food Retailer Operations Limited (FROL).

FROL operated 34 convenience stores across the UK, which trade under the Budgens brand and employ 815 people.

It also held the leasehold interests in a further 36 non-trading stores, two non-trading properties and the head office of the former Somerfield business.

Since its acquisition of the stores from the Co-op in July, 2016, the company had experienced difficult trading conditions.

This resulted in the company being placed into administration despite sustained efforts to make the business more commercially viable.

Following their appointment, the administrators have been assessing interest in the business.

As a result, following the closure of nine stores at the weekend, the remaining 25 stores will cease trading over the course of the next two weeks with the loss of the remaining 611 jobs.

Mike Denny, joint administrator, PwC, said: “Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores.

“We are working closely with the Co-op, USDAW and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process.”

For more news from across the region visit leaderlive.co.uk



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