McColl's - which has five Milton Keynes stores - goes into administration

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Nationally, 16,000 jobs are at risk after the convenience chain went into administration.

Convenience store McColl's has gone into administration – nationally putting 16,000 jobs at risk.

Locally, there are five stores in the Milton Keynes area – Great Holm; Whaddon Way, Bletchley; Queensway, Bletchley; Market Place, Olney, and High Street, Stony Stratford.

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It was hoped Morrisons would step in and make a last-minute bid.

> When a company goes into administration it’s with the aim of rescuing a viable business that is insolvent due to cashflow problems.

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