Administrators appointed to My Local

Administrators appointed to My Local

Mark Orton and Blair Nimmo from KPMG Restructuring have been appointed joint administrators to MLCG Limited.

Also on KPMG.com

Mark Orton and Blair Nimmo from KPMG Restructuring have been appointed joint administrators to MLCG Limited, the convenience store chain trading as My Local which has 125 trading stores across the UK.

My Local employed 1,658 people across the UK. Prior to the appointment of the joint administrators, the directors successfully concluded a sale of two stores. However, a total of 90 stores have closed, resulting in a significant number of redundancies. While a further three are in the process of being closed, the remaining 32 stores remain open and continue to trade. 

Mark Orton, partner at KPMG and joint administrator at My Local, said: “Companies across the convenience store sector have faced significant challenges in recent times, through increasing competition, pricing pressures, changes in customers’ buying habits and general structural change within the sector. Since taking over the business in October last year, management have faced tough trading conditions and despite their best efforts to improve performance, My Local was ultimately unable to return to viability. Having explored a number of other options, the directors were unable to find a way forward and took the difficult decision to place the company into administration.

“Although the majority of stores have now closed, we are in active discussions with a number of interested parties in relation to both the remaining 32 premises that are trading and a small number of those that have closed. We are pursuing these opportunities as a matter of priority in the hope that we will be able to conclude successful sales and safeguard as many jobs as possible.

“We will also work closely with all employees over the coming days, in particular ensuring those who have been made redundant receive the necessary support they need.”

Recent data from the Local Data Company (LDC) suggested that convenience stores were the slowest growing segment in the food and groceries market over the last five years. 

Ends

Notes to Editors:

Stores sold prior to appointment:

  • Addlestone
  • Holbury

Stores which continue to trade:

  • Banbury
  • Barrowford
  • Bath Twerton
  • Bath Widcombe
  • Blackpool Warley
  • Bristol Gloucester Rd
  • Bristol Portishead
  • Bristol White Ladies
  • Ealing
  • Eastbourne
  • Formby
  • High Wycombe
  • Ilkley
  • Leigh On Sea
  • Barking
  • Croydon
  • Lambeth
  • Shirley
  • Macclesfield
  • Nottingham Railway
  • Portsmouth
  • Rhyl Rugeley
  • Southampton
  • Staines
  • Steeton Didsbury
  • Widnes (Upton)
  • Wilmslow
  • Windermere
  • Wokingham
  • Wroughton

Stores to be closed:

  • Cardiff Cowbridge
  • Doncaster
  • St Albans

Closed stores:

  • Benfleet
  • Chatham
  • Elm Park
  • Horley
  • Romford
  • St Albans
  • Whitstable
  • Witham
  • Biggleswade
  • Birkenhead
  • Birmingham
  • Blackburn
  • Blackpool Church
  • Blackpool Cornelian
  • Blackpool Whitegate
  • Bognor Aldwick
  • Bognor Chichester
  • Bridlington
  • Brighton
  • Bristol College
  • Bristol Rd Nth
  • Bristol Long Gr
  • Brixton
  • Bryn (Wigan)
  • Camberley
  • Chard
  • Chelmsford
  • Cheltenham Prestbury
  • Cheltenham Winchcombe
  • Cirencester
  • Crumpsall
  • Derby Ashbourne
  • Derby Chaddesdon
  • Eastleigh
  • Enfield
  • Gloucester
  • Gosport
  • Guildford
  • Harrogate
  • Haywards Heath
  • Hitchin
  • Clapham
  • Huddersfield
  • Ilford
  • Ipswich Lancaster
  • Leeds Headingley
  • Leeds Infirmary
  • Leeds Headrow
  • Leicester
  • Levenshulme
  • Liverpool
  • Finchley
  • New Oxford St
  • Streatham
  • Sutton
  • Loughborough
  • Luton
  • Maidstone
  • Manchester Oxford Road
  • Manchester Wilmslow
  • Marlborough
  • Milton Keynes
  • Northenden
  • Norwich
  • Nottingham Aspley
  • Nottingham Carlton
  • Oxford
  • Petersfield
  • Plymouth
  • Preston
  • Reading
  • Scarborough
  • Sheffield
  • South Croydon
  • South Normanton
  • Southend High St
  • Southend London
  • Shoeburyness
  • Southsea
  • Buxton
  • Torquay
  • Twickenham
  • Cheshunt
  • Wigan
  • Windsor
  • Witney
  • Royal Wootton Bassett
  • Worthing
  • York

For more information, please contact:

Katy Broomhead, Senior PR Manager

T: +44 (0)161 246 4623

M: +44 (0) 7824 537963

Email: katy.broomhead@kpmg.co.uk

Follow us on twitter: @kpmguk

KPMG Press Office: +44 (0)207 694 8773

About KPMG:

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

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