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Following on from last weeks report that time was running out for the troubled retailer, the latest report from Toyworld suggests that the end of the road is near as they are failing to find a buyer in time to pay a £15 million VAT bill due on Tuesday.

Toyworld report:

Toys R Us UK has been engaged in a search for a buyer for the last month following weak Christmas trading which has left it with little hope of paying a £15m VAT bill due on Tuesday.

Sources said that the directors of the UK’s biggest toy retailer were likely to appoint administrators on Tuesday morning barring the emergence of a last-minute financial package to keep it afloat.

You can read the full article here but it looks like its crunch time for the retailer and the next few days will be critical.

 

SOURCEToyworld Mag
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.