Blockbuster goes into administration (From Banbury Cake)

Blockbuster goes into administration

3:40pm Wednesday 16th January 2013 in News By Mark Taylor , Reporter. Please call me on (01865) 425411

FILM rental company Blockbuster has become the latest high street chain to go into administration.

Adminstrators Deloitte were appointed today, leaving uncertainty for employees across the county.

Blockbuster has a number of stores across Oxfordshire including; London Road in Oxford; Peachcroft Road in Abingdon; the Causeway in Bicester; Market Place, Faringdon; Upper High Street in Thame; Market Place in Wantage; High Street in Kidlington, and Langdale Gate in Witney.

The chain's demise has come hot on the heels of entertainment retailer HMV, which plunged into trouble on Monday.

Photography chain Jessops and Comet have both gone under already in 2013.

Lee Manning, spokesman for Deloitte said: “We are working closely with 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.”