Allders department store in Croydon goes into administration

13:54 16 June 2012

Department store Allders – which has been trading in the London borough of Croydon for 150 years – has gone into administration.

Around 850 jobs are now under threat at what is one of London’s largest remaining department stories.

Croydon Council said the store was unable to raise working capital, and the local authority has pledged to help staff any way it can.

Councillor Mike Fisher, leader of the council, said: “This is a significant blow to the town and it’s particularly sad that this situation has arisen in the year that Allders has been celebrating 150 years of trading in the borough.

“Like the rest of the country, Croydon is grappling with very difficult economic conditions and reduced spending power, and this shows how even the most long-established institutions are potentially threatened.

“Whilst there is no getting away from the fact that this is a very sad day for Croydon, we remain optimistic for the future of retail in the town.

“Two of the country’s largest retail developers remain keenly interested in our main shopping centre, Whitgift, and only a few weeks ago we approved Hammerson’s plans for the remodelling and expansion of Centrale. We are determined to ensure that our regeneration plans remain on track.

“And with new residential and business space already under construction, I still believe we are well-positioned for when the economy as a whole begins to grow again.”

Allders director Andrew Mackenzie blamed “tough market conditions” for the calling in of administrators and added he hoped additional investment or a sale could be achieved.

Latest Stories from SNAP.PA

Screenings of 2004 hit comedy Team America: World Police have now been hit by the Sony hacking.

Read more

Johnny Depp is thought to be planning a secret wedding with Amber Heard for New Year’s Eve.

Read more

Brad was sent back home as officials decided it would be too distracting for the other jurors to have him there.

Read more

Promoted content

We've got a great selection of Secret Santa presents and stocking fillers for under a tenner...  (Photo by Matt Cardy/Getty Images)

Office Secret Santa: it’s a Christmas ritual that everyone dreads, but no-one wants to seem like a Scrooge by saying no. Never fear, London24 is here to make buying gifts for Dave in Accounts simple and stress-free, with a selection of presents for under a tenner

Money saving Christmas gifts to add to your shopping list!

It’s nearly time to go on the hunt for Christmas presents, stuck on what to get for your nearest and dearest? We’ve picked out a selection of great deals to get you started and to help you save some pennies!

The mother of seven of the children suffered serious stab wounds. She remains in a stable condition in hospital.

According to the MoD, the answer is a resounded “yes”.

Lewis Hamilton’s metaphor for life is particularly deep, with many turns.

TOP Stories

6 minutes ago
Alison Morrison was stabbed near her home in Harrow yesterday morning (Picture: Google Streetview)

A woman stabbed to death outside her home in west London was allegedly locked in a bitter dispute over a shared driveway with her neighbour, who has been arrested on suspicion of her murder.

Police believe this woman can help in their investigation [Photograph from BTP]

Police want to speak to the woman in this photograph after a 23-year-old man was subjected to a ‘prolonged verbal tirade’ by a woman on the Metropolitan Line.

The £175m bridge has been approved by Boris Johnson (Picture: Arup)

Boris Johnson has given the go-ahead the controversial £175million Garden Bridge over the Thames claiming it will be ‘a stunning oasis of tranquillity in the heart of our city’.

London Bloggers

Thursday, November 27, 2014
The main room at the Museum of Comedy (Pic: Steve Ullathorne)

This week I visited the Museum of Comedy located at the corner of Museum Street and Bloomsbury Way in the crypt under St George’s Church.

Thursday, November 27, 2014
Bird Lovegod

I genuinely and honestly have only a slight problem when it comes to buying domain names.

Friday, November 14, 2014
Bird says back up your data

What happened after a friend of mine lost basically everything he’d created in the last 5 years: