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Evening Standard
Evening Standard
Business
Callum Parke

Poundland to run out of money in days if restructure not approved, court told

Poundland Tom Smith KC Gordon Brothers
Poundland previously announced plans to shut dozens of stores under the restructuring plan (Mike Egerton/PA) - (PA Wire)

Poundland will run out of money within days if a restructuring plan is not approved, the High Court has been told.

The company is asking a judge to approve a plan which would save it from entering administration, with barristers telling a hearing on Tuesday that it is set to run out of money by September 7 if the scheme is not sanctioned.

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