Convenience store chain McColl's is on the brink of collapse, according to reports. The retailer said it was "increasingly likely" it would fall into administration unless talks around short-term funding were successful.
It issued a statement on Thursday (May 5) after Sky News reported the company could call administrators in on Friday. The firm also has a partnership with supermarket Morrisons.
It said that without any extra cash, the group would likely "be placed into administration with the objective of achieving a sale of the group to a third-party purchaser and securing the interests of creditors and employees", the BBC reports.
