Jobs at risk in Portsmouth as Maplin is faced with closure
THOUSANDS of jobs are under threat today, with electronics company Maplin facing administration.
The retailer, which has a store in Fratton Road, Portsmouth, has failed to secure a takeover deal.
Insurers had been forced to cut credit cover last year, as the company’s profits plummeted.
The news comes after Toys R Us was also threatened with administration yesterday due to a similar issue.
Owned by Rutland Partners, Maplin had been put up for sale, but talks with a potential buyer broke down.