Search

Blockbuster goes into administration threatening Woodford Green jobs

15:45 16 January 2013

DVD rental firm Blockbuster which has a branch in Woodford Green has gone into administration, it was announced today.

The company has struggled against internet rentals and sales in recent years.

It has 528 stores across the UK, including one in The Broadway, and employs 4,190 staff.

Business advisory firm Deloitte have been appointed adminstrators.

Lee Manning, of Deloitte, said: “In recent years Blockbuster has faced increased competition from, internet based providers along with the shift to digital streaming of movies and games.

“We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors.

“The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern.

“During this time gift cards and credit acquired through Blockbuster’s trade-in scheme will be honoured towards the purchase of goods.”

Staff at the Woodford Green store were unable to comment on the news this afternoon.

0 comments

Latest News Stories

7 minutes ago
Cyclist David Yeardley accepts the charity pledge from Burton Power owner, Steve Burton, outside the shop.

An iconic Newbury Park car garage has pledged to back tree surgeon David Yeardley in his epic 24 hour charity cycle from London to Paris.

Yesterday, 15:01
Scope befriending scheme for parents of disabled children launch at Valentines Mansions. Rahna Nabi.

Rahna Nabi’s daughter Husna was eight when she was diagnosed with Friedrich’s Ataxia (FA), a rare inherited condition which progressively damages the nervous system and heart.

Yesterday, 12:00
Redbridge 18 Plus members on a boat in Norfolk. Picture: Redbridge 18 Plus

The latest news from Redbridge’s clubs and societies.

Yesterday, 10:01
Library

Wondering how to fill half-term? Here’s a round-up of some of the events taking place in Redbridge this week.

Most read news

Competitions

You could take in stunning views of London over brunch at the Sky Garden

Celebrate lighter, brighter days with the chance of winning an indulgent brunch for two with a bottle of bubbles at Darwin, the cool and casual brasserie 36 floors up at Sky Garden.

Time to experience the dizzy heights of London's tallest attraction!

Morgan Pryce, commercial property experts based in London are offering one lucky reader the chance to win a pair of tickets to The Shard viewing platform in the city itself.

Digital Edition

Image
Read the Ilford Recorder e-edition today E-edition
Family Notices 24


Our trusted business finder