Convenience stores across Ayrshire could be on the verge of closing with jobs at risk after McColl’s plunged into administration.
The retailer has gone bust and is on the brink of collapse after failing to agree a short-term loan with potential lenders.
McColl’s has shops across the whole of the region serving communities in Ayr, Prestwick, Irvine, Ardrossan, Kilmarnock and Cumnock, with local jobs now at risk.
The chain has 1,100 stores across the UK with 16,000 jobs at risk.
McColl’s confirmed PriceWaterhouseCoopers (PWC) have been appointed as administrators.
Company chiefs said they were regrettably “left with no choice” but to put the firm into administration.
They now hope administrators will be able to find a buyer as soon as possible.
The company said in a statement: "In order to protect creditors, preserve the future of the business and to protect the interests of employees, the board was regrettably therefore left with no choice other than to place the company in administration, appointing PriceWaterhouseCoopers as administrators, in the expectation that they intend to implement a sale of the business to a third-party purchaser as soon as possible."
McColl's will apply to the court later today to appoint the administrators.
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