Skip navigation

Gloucestershire Business News

Tough trading conditions lead to redundancies at stores

More than 30 jobs have been lost following the closure of two grocery stores in Gloucestershire.

Two businesses trading under the Nisa brand in Lydney and Coleford have shut after its owners, County Stores Holdings, County Stores (Grocers) and County Stores (Supermarkets), went into administration.

A buyer has been found for five of the group's businesses trading under the Spar brand, saving nearly 80 jobs, but 31 roles have been made redundant at the two Nisa stores.

The rest of the 68-strong workforce at the two stores have been kept on to assist with stock clearance.

BDO LLP business restructuring partner Simon Girling told the Forester: "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."

What do you think? Email mark@moosemarketingandpr.co.uk 

Picture credit: pixabay

Related Articles

Independent logistics company wins contract from UK wholesale giant

A Gloucestershire-based transport operator has been awarded a major contract by the UK's leading newspaper and magazine wholesaler.

Click here for more details

Hinkley Point deal comes under fire from financial watchdog - NEW COMMENT

A multi-billion pound energy project that is expected to create thousands of jobs in the South West has been described as "risky and expensive" by the National Audit Office.

Click here for more details

Technology specialists will showcase ground-breaking work

A global engineering and scientific technologies company based in Gloucestershire will be the focus of attention at an important event in Wales.

Click here for more details

What's On: Tickets still available for Tom Jones concert in Gloucester

The legendary Tom Jones is returning to Gloucester for a highly-anticipated concert at Kingsholm Stadium this weekend.

Click here for more details

Copyright 2017 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.