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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Mancs advised ‘do not travel’ today amid MAJOR region-wide train disruption
Daisy Jackson
Passengers across the North West are being told not to travel today, after a power failure triggered major disruption across the region.
A vast number of trains have been cancelled in and out of Greater Manchester due to the failure at Manchester Rail Operating Centre (ROC).
The disruption started earlier this afternoon but is expected to continue across all operator routes until the end of the day.
Now, rail operators are issuing ‘do not travel’ notices, and ticket acceptance has been put in place across all Bee Network buses and Metrolink services.
A statement shared by Manchester City Council: “Due to a power failure at the Manchester Rail Operating Centre (ROC), there is major disruption on the rail network across Greater Manchester, the north west of England and the Midlands.
“Delays and cancellations are expected on all operator routes across Greater Manchester until the end of today (Thursday 6th August). Rail operators have issued a do not travel notice with travel advice and the latest information HERE.
“Ticket acceptance is in place on all Bee Network buses and Metrolink services across Greater Manchester.”
All Brewers Fayre and Beefeater locations across the UK are closing down
Danny Jones
It looks to be the end for not one but two of Britain’s best-known and long-running restaurant franchises, as Brewers Fayre and Beefeaters will be closing down all of their locations.
Dating back to the mid-1970s, there will soon be none left anywhere in the country
The pair of recognisable chains, owned by parent company Whitbread PLC – who also own Premier Inn, hence why they usually come as a joint package – have nearly 200 sites across the UK, but they are already in the process of a wholesale shutdown.
News of the impending closures first began circulating back in April, but now the process is said to be fully underway, with multiple Greater Manchester names on the chopping block.
A real shame all brewers fayres are closing down. As a member they’ve sent me a last free main. So enjoying a mixed grill pic.twitter.com/EIHMZ7LCvv
— Daniel Turner⚽️ 🏟️ 1️⃣1️⃣5️⃣8️⃣ (@puffpuff65) August 4, 2026
With roughly 3,800 staff set to be made unemployed as part of the major restructuring by Whitbread, the job cuts will see approximately 12% of their workforce laid off from a total of around 30,000.
One local duo due to face the music is the soon-to-close Stable Gate in Denton and Wheatlea Park in Wigan – both of which are Brewers Fayre branches.
89 of the brand’s boozers have been given until early September (some dates may vary) to shut up shop and hold not just their last orders, but their final dinner service full stop.
The rest of the venues closing next month are Beefeater pubs, including the Heaton Park one in Crumpsall, The Quay House at Salford Quays, and the Whitgate Inn over Oldham way.
As for others nearby, Macclesfield’s Springwood Park is also set to close.
The older of the two British mainstays is Beefeater, which was founded by Whitbread back in 1974 when they opened their first pub, The Halfway House, down in Enfield.
Brewers debuted up North in ’79, with a maiden watering hole called The Farmers Arms in Preston, before going on to open several locations around Lancashire and eventually nationwide.
Most of you will likely have visited or at the very least passed one of those food and drink spots in your time, and while they may be more associated with hotels and service stations these days, they still served as regular haunts for plenty of people who will no doubt be gutted to see them go.
Speaking of services, another big name is expanding further into the North West.
Emily Sergeant -
6th May 2022 
