DISCOUNT store Pound or 2 (£or2) Plus shop, in Coldharbour Lane, Hayes, has closed after its parent company, VM Corp, closed down.
Three other stores – in Harrow, Hounslow, and Watford – shut on Monday last week. Thirty members of staff and two directors from the four stores havebeen made redundant.
The shops, despite their prime high street locations, were unable to cover costs, and the business was said to have “significant bad debts”.
Administrators said the firm fell victim to “the general high street malaise” and failed to compete with other more established pound chains.
Buyers for the stock and shop fittings are being sought, as are businesses interested in renting the space.