THE future of Clydebank's Poundworld store is at risk as the company enters administration. 

The move came after talks with a potential buyer, R Capital, collapsed leaving 5,300 jobs at risk across the UK, including at the Clyde Shopping Centre outlet.

The shopping centre has lost BHS and Dunnes in recent years as national retailers tighten their belts or go under.

Poundworld, which is owned by TPG Captial, had previously rejected offers to sell through a pre-pack administation.

Management has so far failed to sell the retailer as a solvent business, after turnaround specialists Alteri Investors walked away from sales talks last week week.

Deloitte had been preparing contingency plans for an administration in the event of talks collapsing.

Poundworld's losses widened in 2016-17 to £17.1 million, from £5.4 million of losses the year before.

The retailer was hit with a £5.7 million charge for onerous leases, a provision retailers make when the cost of a lease is no longer covered by the income of the store.

Several retailers have shown significant financial distress this year, with both Maplin and Toys R Us disappearing from the high street.