"We will now work tirelessly alongside Zelf Hussain, Toby Underwood and Ian Green, from PWC, who have been appointed as the as Joint Administrators of Maplin Electronics Limited, to achieve the best possible outcome for all of our colleagues and stakeholders.”

The announcement came on the same day Toys R Us collapsed into administration, putting more than 3,000 jobs at risk. Toys R Us collapses into administration putting 3,200 jobs at risk

Toys R Us is one of the nation’s biggest toy retailers, with more than 100 stores in the UK and 1,500 in 33 countries across the globe. Maplin has 217 stores in the UK, including Coventry, Rugby, Nuneaton, Stratford and Solihull, and PwC is still attempting to find a buyer for the group. Bust firm leaves trail of debt but jobs saved in 'pre-pack' deal

Graham Harris, Maplin's chief executive, said: "I can confirm this morning that it has not been possible to secure a solvent sale of the business and as a result we now have no alternative but to enter into an administration process." “We are grateful for the commitment and hard work of employees as the business continues to trade.” All stores will continue trading until further notice and much of the stock will be subject to clearance discounts and other special promotions, Moorfields confirmed. Chief executive Graham Harris said that the business had worked hard over recent months to “mitigate a combination of impacts from sterling devaluation post-Brexit, a weak consumer environment and the withdrawal of credit insurance”.
U.S. toy and juvenile-products retailer Toys "R" Us collapses into administration in the United Kingdom, putting 3200 jobs at risk.