Continued pressure on Toys’R’Us UK

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According to Toyworld Toys R Us could be entering administration at the of the month unless funding is secured within days.

“Company faces entering administration at the end of this month unless it can find new investors prepared to shoulder £15m tax bill.

According to Sky News, advisers to the retailer are still hoping to secure a rescue deal for the business by the middle of next week, just days ahead of a 27th February deadline to meet a mammoth VAT demand.

Sources said the company, which employs more than 3,000 people in the UK, would work through this weekend in an effort to progress talks with potential bidders.”

I looks like it may be crunch time, so fingers crossed a deal can be done so that jobs can remain and people can still get their Star Wars toys.

Martin Keeler
Martin Keeler
Martin’s most notable achievement is organising and running the pre-party for Celebration London #Cantina at the Brooklyn Bowl in the O2 Arena, an achievement he matched in 2019 at Celebration Chicago when he helped to organised A Night At Canto Bight at the Science Museum in Chicago. Martin has also been a guest on podcasts such as RADIO 1138, Skywalking Through Neverland and Blabba the Hutt. Martin is the brains behind Fantha Tracks TV.
- Advertisement -
- Advertisement -

According to Toyworld Toys R Us could be entering administration at the of the month unless funding is secured within days.

“Company faces entering administration at the end of this month unless it can find new investors prepared to shoulder £15m tax bill.

According to Sky News, advisers to the retailer are still hoping to secure a rescue deal for the business by the middle of next week, just days ahead of a 27th February deadline to meet a mammoth VAT demand.

Sources said the company, which employs more than 3,000 people in the UK, would work through this weekend in an effort to progress talks with potential bidders.”

I looks like it may be crunch time, so fingers crossed a deal can be done so that jobs can remain and people can still get their Star Wars toys.

Martin Keeler
Martin Keeler
Martin’s most notable achievement is organising and running the pre-party for Celebration London #Cantina at the Brooklyn Bowl in the O2 Arena, an achievement he matched in 2019 at Celebration Chicago when he helped to organised A Night At Canto Bight at the Science Museum in Chicago. Martin has also been a guest on podcasts such as RADIO 1138, Skywalking Through Neverland and Blabba the Hutt. Martin is the brains behind Fantha Tracks TV.
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