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

Yesterday, 17:56

Golfers will be competing in a charity golf tournament in hope to raise thousands of pounds for a special school.

Yesterday, 16:10
Al Noor primary school head Someena Butt and trustee Sadiq Kothia in the play ground

The borough’s leader has backed plans to build a Muslim school following overwhelming support for the move.

Yesterday, 12:35
Wes Streeting MP at a Redbridge Islamic Centre open day earlier this year, with Vaseem Ahmed. Both Mr Streeting and the Centre's leader Bashir Chaudhry have condemned the attack on the Woodford Muslim Cultural Centre on Monday.

Ilford North MP Wes Streeting has spoken out against vandalism on a Woodford Green faith centre, saying it appears “to be fuelled by anti-Muslim hatred”.

Yesterday, 12:00
Santosh Kapal, 67, with daughter Seema Jaya Sharma, 38

The heartbroken mother of a singer, model and DJ who died after a long battle with cancer has spoken of her daughter’s final days.

Most read news

Competitions

Shop till you drop!

Home to top name brands at great prices, TK Maxx is more like a treasure hunt than a shop. Perfect for grabbing a bargain or some hidden gems, you arm yourself with a trolley and go wild.

Scones, jam and a cup of Earl Grey anyone?

Luxury boutique hotel Flemings Mayfair has recently launched The Drawing Room, London’s most stylish location for afternoon tea.

Digital Edition

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


Our trusted business finder