# Poundland Files for Administration Protection as 12,000 Jobs Hang in the Balance

> Poundland's US owner files for administration, risking 12,000 UK and Ireland jobs.
- Title: Poundland Files for Administration Protection as 12,000 Jobs…
- Summary: Poundland's US owner files for administration, risking 12,000 UK and Ireland jobs. Poundland's US owner Gordon Brothers filed for administration, putting…
- Keywords: poundland, gordon brothers, martin property group, pepco, deals, administration, jobs, ireland, finance, markets, Files, Protection
- Source: BigGo Finance — https://finance.biggo.com/news/1b6f1b2b-d438-4c99-b484-d4ff7f5aa80e
- Author: BigGo Finance
- Published: 2026-10-29T11:30:40+00:00
- Read time: 1 min
- Topics: poundland, gordon brothers, martin property group, pepco, deals, administration, jobs, uk, ireland, finance, markets
## Poundland Files for Administration
Gordon Brothers, the US owner of Poundland, filed a notice of intention to appoint administrators at the High Court.
## 12,000 Jobs at Risk
The filing puts up to 12,000 jobs across about 600 stores in the UK and Ireland at risk.
## 10-Day Creditor Protection
The filing gives the chain 10 days of protection from creditors while AlixPartners prepares to handle the process.
## Rejected Management Bid
Gordon Brothers rejected a management-backed bid from Martin Property Group worth more than £15m.
## Debt from Pepco Purchase
Gordon Brothers bought Poundland from Pepco for a nominal £1 in June 2025, taking on about £30m of debt.
## Business Secretary Involvement
Business secretary Jonathan Reynolds wrote to Gordon Brothers seeking clarity on the situation.
## Three Directors Resigned
Three independent directors resigned amid disquiet over the drift toward insolvency.
## Key takeaway

Poundland's US owner Gordon Brothers filed for administration, putting 12,000 jobs at risk across 600 UK and Ireland stores.