One of Britain’s largest convenience store chains is nearing the brink of collapse, with thousands of jobs said to be at risk.
McColl’s – which employs more than 16,000 people, and has several stores throughout Greater Manchester and the North West – said it was “increasingly likely” that it would fall into administration unless talks around a rescue deal were successful, Sky News reports.
The 1,400-store McColl’s Group – which has an extensive wholesale partnership with Morrisons, as well as Martin’s newsagents – has always had strategy centred around an image of a “neighbourhood retailer”, but after suffering unprecedented difficulties throughout and post the COVID-19 pandemic, has issued a statement saying administrators could be called in today.
The company said in its statement that without any fresh funding in the short-term, 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 chain added that it wanted to create a “stable platform for the business going forward”, but also stressed that discussions were still ongoing.
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McColl’s said it was “increasingly likely” that would fall into administration / Credit: McColl’s
McColl’s said in a statement to Sky News: “As previously disclosed on 25 April 2022, the Group remains in discussions regarding potential financing solutions for the business to resolve short term funding issues and create a stable platform for the business going forward.
“However, whilst no decision has yet been made, McColl’s confirms that unless an alternative solution can be agreed in the short term, it is increasingly likely that the Group would 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.
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“Even if a successful outcome is achieved, it is likely to result in little or no value being attributed to the Group’s ordinary shares.”
According to Sky News, the company’s imminent collapse is expected to spark renewed interest in a partial takeover from both Morrison’s and EG Group – the petrol retailing giant owned by TDR Capital and the billionaire Blackburn-based brothers, Mohsin and Zuber Issa.
McColl’s employs more than 16,000 people at 1,400 stores across the UK / Credit: McColl’s
News that the McColl’s is teetering on the brink of collapse this week comes after it was revealed that the group’s shares have collapsed this year, and the entire company is now worth less than £3.5 million, with the company said to be carrying debts of almost £170 million.
Jonathan Miller, McColl’s recently-departed chief executive, said in December 2021 that the financial year had “undoubtedly been a tough year for the business”.
Mr Miller is understood to have personally invested £3 million last year in a bid to convince other shareholders to support the company.
If McColl’s is forced into administration this week, it would be the largest insolvency in the UK retail sector by size of workforce since the collapse of Edinburgh Woollen Mill Group in 2020, Sky News said.
It would become the latest in a long line of casualties of changing retail shopping habits and the pandemic.
Featured Image – McColl’s
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Manchester councillor Bev Craig has been awarded an OBE in the New Year Honours List
Danny Jones
The leader of Manchester City Council and representative for Burnage, Bev Craig, has officially been awarded the Order of the British Empire (OBE) in the New Year Honours List for 2026.
Councillor Craig, who has held her leadership position since October 2021, received the OBE for her services to local government.
She joins several other regional councillors to be named by King Charles III.
First elected by Burnage residents back in 2011, she has spent more than a decade and a half devoting her professional life to the community, as well as nearly a whole five years of that time at the highest level within the Council.
The University of Manchester graduate has played several key roles throughout her career, including giving back to higher education, helping trade unions, as well as serving as an executive member for adult social care and health during the pandemic, before serving as Deputy and eventually Leader.
Speaking in an official statement, Craig said: “To receive an OBE is a huge privilege, and to get awarded it for what I’ve been able to give back to our city is all the more special.
“Manchester is an incredible city, made special by its people and a place I’m proud to call home.
“Leading our city is a privilege I don’t take for granted, so to get awarded an OBE for what we’ve been doing to make Manchester an even better place to live and improve the lives of Manchester people, while creating a city that is fairer and more inclusive for generations to come, is the real honour.”
With the Council having also confirmed two special NYE events on either side of the Town Hall this year, it feels like a fitting celebration.
Congratulations to Bev Craig on the well-deserved accolade and title; we have no doubt she’ll continue to excel in her post.
You can find the King’s 2026 New Year Honours List HERE.
As for the discussion around knighthoods, many Brits are currently calling for a change in the rules in hopes of making OBE, CBE and MBE, Kevin Sinfield a Sir.
Featured Images — Publicity picture (via Manchester City Council)
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VAR audio requested as Nottingham Forest prepare complaint after Man City defeat
Danny Jones
Nottingham Forest have requested that the VAR audio from their game against Manchester City be released, as they are considering launching a formal complaint following the defeat.
Forest hosted Man City at home this past weekend and went on to lose 2-1.
However, Sean Dyche’s side are said to be ‘extremely unhappy’ with some of the refereeing decisions made by first official, Rob Jones, on the day.
As a result, they are now asking the Professional Game Match Officials Limited (PGMOL) to share some of the conversations between on-pitch officials and the VAR team at Stockley Park in West London.
"I'm scratching my head and I can't believe it!" 😳
Sean Dyche wasn't happy with the officiating in their loss to Man City 😬
As you can see, Dyche initially said that “there’s no point” in pushing the refs on their performance, as he feels they usually only “get in trouble”, but it looks as though his employers have advocated for him.
Nottingham Forest had a problem with the final call in a number of instances during the festive fixture on Saturday, 27 December, but none more so than in one key moment.
The manager and his coaching team felt that Rayan Cherki’s 83rd-minute winner should have been cancelled out following a foul by Nico O’Reilly on Morgan Gibbs-White in the preceding corner, which may have prevented Cherki from scoring another decisive finish.
Dyche also argued that another City defender, Ruben Dias, was due a second yellow card and therefore dismissal from the pitch for a challenge after the break, but there was ultimately nothing doing.
You can see the collision here:
"I do have sympathy for Sean Dyche… it is a second yellow card!"
Ref Watch discuss whether Ruben Dias should have been sent off against Nottingham Forest. pic.twitter.com/dxTYmGsEqZ
According to Sky Sports News, Nottingham have already requested more information from the refereeing body, with this not being the first time they’ve felt hard done by.
As they put it, the hope/belief is that raising the issue could help “start a broader discussion around officiating this season.”
What do you make of Forest’s concerns against Manchester City, and do you think they’re worthy of launching an official complaint against the PGMOL and Premier League?
You can see the highlights from the game and perhaps decide for yourself down below.