Another popular Milton Keynes city centre shop faces collapse as it files administrators notice

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A popular shop at the centre:mk has filed a notice of intent to appoint administrators.

Paperchase had undergone a financial restructuring but says its recovery plan was thwarted by the effects of lockdown last year.

Today's notice gives the company an initial 10 working days’ protection from creditors.s.

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A company spokesman said: "The cumulative effects of lockdown 1.0, lockdown 2.0 - at the start of the Christmas shopping period - and now the current restrictions have put unbearable strain on retail businesses across the country.""

Many city centre retailers will struggle with another lockdownMany city centre retailers will struggle with another lockdown
Many city centre retailers will struggle with another lockdown

He added: "Out of lockdown we've traded well, but as the country faces further restrictions for some months to come, we have to find a sustainable future for Paperchase."

Paperchase was hit by a tidal wave of complaints last month after it was accused a selling a Christmas card that 'mocked children in care'.

The card depicted a mother on the phone near a child who has spilt some milk, saying “Is this the orphanage? Right, I want a f****ing refund.”

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The company removed the offending cards from all its shops and made an apology,

A spokesperson said: “We've immediately removed it from sale on our website and have instructed all stores to remove it from display. It is never our intention to be insensitive; we appreciate that on this occasion the image copy are, for which we apologise unreservedly.”

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