Cooplands in Newark forced to close after firm goes into administration
8:58am Fri Feb 06, 2015
 
The Cooplands store in Clinton Arms Court, Newark
The Cooplands store in Clinton Arms Court, Newark
The Cooplands store in Clinton Arms Court, Newark, has shut after the company went into administration.
A sign in the Cooplands store in Newark
A sign in the Cooplands store in Newark
It is one of four Nottinghamshire stores that have closed after the Doncaster-based firm announced on Thursday that 303 staff nationally would lose their jobs after a "recent deterioration in trading." This includes three staff at the Newark store.

Adrian Berry and Daniel Butters, partners of Deloitte, have been appointed as joint administrators of Cooplands.

The other stores in the county to shut are at Madeleine Court in Mansfield, Bridge Street in Worksop, and Carolgate in Retford. Seven stores elsewhere in the county have been saved from closure.

Adrian Berry, joint administrator, said: "Cooplands has seen a recent deterioration in trading performance across its retail business, which combined with a significant fixed manufacturing cost, has resulted in unsustainable losses.

"Regrettably we have had to close 39 retail stores together with the bakery and head office in Doncaster. However, there is some positive news with the sale of 41 retail stores and the entire mobile sandwich van business, which will preserve 259 jobs.”

The firm is not connected to Coopland & Son (Scarborough) Ltd.

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