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Poundworld denied £4.1m business rates lifeline before collapse

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Poundworld was reportedly denied a £4.1 million lifeline before it went into administration after it was unable to secure a cut in business rates. The discount retailer fell into administration last week, putting more than 5000 jobs at risk. Analysis by business rates specialist firm Altus Group has found that Poundworld, which has 335 stores, was unable to claim the money it was owed amid the government revaluation of the property tax in 2017.

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Poundworld denied £4.1m business rates lifeline before collapse

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