Romford Blockbuster to close after administrators fail to find buyer
PUBLISHED: 14:49 29 November 2013 | UPDATED: 14:54 29 November 2013
The Romford branch of a struggling high street chain is due to close this weekend after administrators could not find a buyer.
Blockbuster, of Hornchurch Road, will complete its last day of trading on Sunday, leaving nine employees out of work.
The news was announced yesterday by administrators Moorfields Corporate Recovery, who have made the decision to shut 30 stores.
This will cause the loss of 182 jobs.
Ali Mumtaz, 35, a manager at the Romford shop, said: “It is a loss for the customers. We were the last rental [shop] out here and now they have nowhere to go.
“The staff have been really fantastic throughout the time we have been here and it is a shame they are losing their jobs.”
In their statement, Moorfields said: “It is unfortunate that we have been unable to secure a buyer to date and therefore we have had to take the decision to make further store closures.
“We appreciate this is a difficult time for all concerned and would like to thank staff for their ongoing cooperation.”
Blockbuster went into administration in November, causing 72 stores to close and 452 job losses.
It had previously gone into administration in January 2013 and the next month it was announced 164 shops would shut.
The chain will now have only 162 branches.