Budgens to close 34 of its stores

Budgens has announced it is to close 34 stores
Nigel Howard

Budget supermarket Budgens is to close 34 of its stores, resulting in the loss of 800 jobs.

Food Retailer Operations Limited (FROL), one the supermarket chain’s operators, was put in administration last month.

A total of 815 staff have begun the redundancy process.

FROL only bought the stores from the Co-operative Group in July.

At the time the firm said "there are no planned redundancies" and stores will continue "trading as usual".

However PwC was appointed as administrator last month and the accountancy firm has failed to find a buyer for the group.

Mike Denny, joint administrator at PwC, said: "Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores.

"We are working closely with the Co-op, Usdaw and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process."

LocationClosure dateEmployees
AberystwythFebruary 2622
BlackburnFebruary 2513
South BenfleetFebruary 2612
LudlowFebruary 2627
Weoley CastleFebruary 2626
NorwichFebruary 2618
Dagenham (Becontree)February 2617
Greenwich, LondonFebruary 2622
Sydenham, LondonFebruary 2622
Northumberland HeathMarch 519
WattonMarch 523
Buckley - Brunswick RoadMarch 532
PrestwickMarch 535
Crewkerne - Falklands SquareMarch 516
Helston - The ParadeMarch 524
Cardigan - Lower MwldanMarch 519
Totnes - Fore StreetMarch 519
Shaftesbury - Bell StreetMarch 522
Christchurch - Saxon SquareMarch 518
Rochford - Roche CloseMarch 523
Basingstoke - Winklebury WayMarch 520
Tiverton - Market WalkMarch 522
Gillingham, KentMarch 937
Southall, LondonMarch 922
Littlehampton - Wick StreetMarch 916
Sherwood - Mansfield RoadMarch 924
Newport, ShropshireMarch 930
New Invention, ShropshireMarch 930
New BrightonMarch 917
WisbechMarch 925
St NeotsMarch 927
PaisleyMarch 934
Monmouth - Oldway CentreMarch 921
Weymouth - Littlemoor RoadMarch 936

A Budgens spokeswoman said: "Budgens is a brand which operates 150 stores as a symbol group. The business is performing very strongly.

"In July 2016 The Food Retailer Operations Limited (TFR) bought 36 stores from the Co-op and traded them under the Budgens brand.

"TFR have recently gone into administration. This means they are currently in consultation with their 800 colleagues.

"We are disappointed that TFR are in this position, but this does not affect Budgens or its colleagues."