Romford Mothercare shop at risk of closure
PUBLISHED: 17:00 04 November 2019 | UPDATED: 10:00 05 November 2019
Mothercare in Romford is one of 79 shops at risk of closure following the retailer’s announcement that it plans to put its UK business into administration.
The shop in Rom Valley Way could be forced to close after the global Mothercare group revealed that it will file a notice of intent to appoint administrators for the company's UK stores with the court today (Monday, November 4).
While Mothercare's international shops remain profitable, its UK division has faced financial difficulties.
Over the past year the children's retailer has already closed 55 stores.
Mothercare Plc's statement reads: "The company operates a successful global brand business generating over £500million of revenues each year from over 1,000 stores internationally in over 40 territories in which the Mothercare brand operates.
"In the financial year ended March 2019, the brand generated profits of £28.3million internationally whereas the UK retail operations lost £36.3million."
Despite discussions over the summer with potential partners for its UK business, it became clear that the UK retail operations were not capable of, "returning to a level of structural profitability".
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The company also revealed that it was unable to continue satisfying the ongoing cash needs of Mothercare UK.
The retailer, which has around 500 full-time staff and 2,000 part-time employees, is set to follow the likes of Bonmarche, Jack Wills and Karen Millen, which have gone bust in recent months.
Havering residents shared memories of the Mothercare in Romford, with many people mentioning the famous yellow slide.
Claire Walters said: "It's very sad, I used to go in there as a child with the big slide at the front and when my children were born at Queen's my husband and family went in for essentials."
Susan Clow described the shops as being a "children's world".
Grace Kelly Lloyd shared how the shop's close proximity to Queen's Hospital helped her during her pregnancy.
She said: "When I was in Queen's Hospital with a complicated pregnancy it was so easy for my partner to go and grab me some maternity bits.
"I had my gender scan there and found out I had twin girls.
"It was event he first place I took my kids after they were finally allowed to go home. "I don't know what we would have done if it wasn't there.