One of the UK's largest convenience store chains is at risk of going into administration as they frantically search for a new financing solution.
McColl's confirmed earlier this week that a takeover bid to buy the company has been withdrawn, with a number of parties looking to buy different parts of the business.
With 18 branches across Lanarkshire, the firm confirmed it was working through £97m of debt difficulties with lenders, seeking a long-term agreement in relation to the balance of its facility.
