Food Retailer Operations Limited (“FROL” or the “Company”) – store closures

Published at 09:44 AM on 07 March 2017

Michael Denny, Robert Moran and Matthew Hammond of PwC were appointed as Joint Administrators of Food Retailer Operations Limited (“FROL”) on 10 February 2017.

FROL operated 34 convenience stores across the UK, which trade under the Budgens brand and employ 815 people. It also held the leasehold interests in a further 36 non-trading stores, two non-trading properties and the head office of the former Somerfield business.

Since its acquisition of the stores from Co-op in July 2016, the Company had experienced difficult trading conditions. This resulted in the Company being placed into administration despite sustained efforts to make the business more commercially viable.

Following their appointment, the Administrators have been assessing interest in the business. As a result, following the closure of nine stores at the weekend, the remaining 25 stores will, regrettably, cease trading over the course of the next two weeks with the loss of the remaining 611 jobs.

Mike Denny, Joint Administrator, PwC, said:

“Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores.

"We are working closely with the Co-op, USDAW and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process.”  

Ends   

 

Notes to Editors:

These are the only Budgens stores that are being closed under the FROL administration.

Location

Close date

Employee numbers

     

Aberystwyth

26 Feb

22

Blackburn

25 Feb

13

South Benfleet

26 Feb

12

Ludlow

26 Feb

27

Weoley Castle

26 Feb

26

Norwich

26 Feb

18

Dagenham (Becontree)

26 Feb

17

Greenwich

26 Feb

22

Sydenham

26 Feb

22

     

Northumberland Heath

 5 March

19

Watton

5 March

23

Buckley - Brunswick Rd

5 March

32

Prestwick

5 March

35

Crewkerne - Falklands Sq

5 March

16

Helston - The Parade

5 March

24

Cardigan - Lower Mwldan

5 March

19

Totnes - Fore St

5 March

19

Shaftesbury - Bell St

5 March

22

Christchurch - Saxon Sq

5 March

18

Rochford - Roche Close

5 March

23

Basingstoke – Winklebury Way

5 March

20

Tiverton – Market Walk

5 March

22

     

Gillingham, Kent

9 March

37

Southall - London

9 March

22

Littlehampton – Wick St

9 March

16

Sherwood – Mansfield Rd

9 March

24

Newport - Shropshire

9 March

30

New Invention

9 March

30

New Brighton

9 March

17

Wisbech

9 March

25

St Neots

9 March

27

Paisley

9 March

34

Monmouth - Oldway Centre

9 March

21

Weymouth - Littlemoor Rd

9 March

36

Media contact:

Katherine Howbrook, PwC media relations, Tel: 020 7212 2711/07595 609 737, Email: katherine.howbrook@pwc.com


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