ELECTRONICS giant Maplin has joined Toys R Us by entering administration.
The store, with more than 200 stores and 2,500 staff, has been struggling to find a buyer to take them out of debt.
The chain had been in talks with the owners of the Edinburgh Woolen Mill, but talks broke down late on Tuesday February 27.
Maplin, which sells a range of electrical products, has to find a beneficiary to pay their £15m VAT bill, which needs to be paid by March 1.
It now seems that those attempts have been unsuccessful, and the store has entered the administration process.
Graham Harris, Maplin 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 believe passionately that Maplin has a place on the high street, and that our trust, credibility and expertise meets a customer need that is not supported elsewhere."
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