JOBS are under threat at the Ely branch of DVD rental chain Blockbuster after the company called in administrators.

16:47 21 January 2013

Blockbuster Video

Blockbuster Video

Archant

JOBS are under threat at the Ely branch of DVD rental chain Blockbuster after the company called in administrators.

As well as its High Street branch in the city, Blockbuster also has 528 other stores and employs 4,190 staff across the UK. There was also a branch in Soham but it was closed in 2011.

Deloitte, the accountancy firm, has taken over running of all outlets and added that all stores would remain open for business while a buyer is sought.

Lee Manning, from Deloitte’s, said: “We are working closely with Blockbuster UK’s suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors.

“The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern.

“During this time gift cards and credit acquired through Blockbuster’s trade-in scheme will be honoured towards the purchase of goods.”

0 comments

More news stories

Yesterday, 10:05
Sanctuary housing, Gaul Road, March. Picture: Steve Williams.

A housing association has pledged to get families into their homes by September – after paperwork for drainage delayed the move date by eight months.

Yesterday, 20:05
Melanie Murdoch, pictured running in the Great East Anglia Run.

Two proud brothers have said good luck to their mum through this newspaper as she prepares to take part in her second marathon in just five weeks.

Yesterday, 17:17
A bronze age shield and sword similar to the one found at Chatteris

A Bronze Age spear shield and rapier will be among the artefacts on display when an exhibition about Chatteris’ earliest human occupants, their tools and implements opens next Saturday.

Yesterday, 13:54
Sir Graham Bright.

Cambridgeshire Police and Crime Commissioner Sir Graham Bright has welcomed a ban on legal highs.

Most read stories

Most commented stories

Digital Edition

Image
Read the Cambs Times e-edition today E-edition