McColl's convenience store chain on brink of collapse

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McColl's convenience store chain on brink of collapse
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More than 16,000 people are employed by McColl's

But earlier this week, the listed company warned that its shares would be suspended because it was unable to meet the deadline for filing its annual results.Meanwhile, Sky News reported that Morrisons, one of Britain's biggest supermarkets, had proposed a deal to McColl's lenders, which involved the supermarket injecting funding.

Around the same time, it also faced allegations from the government that it had failed to pay some of its workers the UK minimum wage.and staff had been swiftly reimbursed. The businesses were made to pay back the money as well as being fined £3.2m over breaches, such as deducting pay from wages for uniforms and expenses, or failing to pay the correct apprenticeship rate.

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