Supermarkets in shock closures

By Mark Elson in Local People

UP to 68 jobs could be lost with the closure of two Forest supermarkets after their owners went into administration.

Shoppers at the Nisa brand stores in Lydney and Coleford were shocked to find ‘closing down’ notices outside the County Stores-owned outlets this week.

Seventeen staff have already been made redundant, while another 51 jobs are at risk as administrators look for buyers forf the stores.

The staff still working are currently assisting with a stock clearance sale after ‘everything must go’ signs went up, but no set closure date has been given.

A spokesman for BDO LLP joint administrators Simon Girling and Danny Dartnaill said saving stamps issued by County Stores would be redeemable against purchases from the supermarkets up to Sunday, April 23.

That was despite signs in the store windows yesterday (Tuesday, April 11) saying they are no longer being accepted.

County Stores Holdings Limited, County Stores (Grocers) Limited and County Stores (Supermarkets) Limited (together, the Group) went into administration last Thursday, April 6.

The two Nisa stores employed 45 in Lydney and 23 in Coleford, while five stores in Ledbury, Presteigne, Oxford, Witney and Eynsham trading under the SPAR name which were affected have been sold as going concerns.

Administrator Mr Girling said: “Unfortunately, difficult trading conditions and a shortfall in the company’s working capital position significantly affected the business and the ongoing viability of the stores in Lydney and Coleford. Regrettably, it has been necessary to make redundancies.

“Going forward, the joint administrators will be seeking to maximise recoveries for the benefit of creditors and will be pursuing a stock clearance at the Lydney and Coleford stores while the administration process continues.

“We are in close contact with staff who will be kept appraised of further developments.”

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