England

Hundreds of shop fitting firm jobs at risk

New Store Europe headquarters in Harlow Image copyright Google
Image caption New Store Europe's British headquarters are in Harlow

More than 300 jobs in Northamptonshire, Essex, Leicestershire and Oxfordshire have been put at risk after a shop fitting firm called in administrators.

KPMG has been brought in to help save New Store Europe (NSE) which has its headquarters in Harlow and sites in Corby, Leicester and Bicester.

It employs 307 workers with more than 100 in Harlow and 68 in Corby.

KPMG was appointed after NSE's Norwegian parent company "experienced significant trading difficulties".

Will Wright, partner at KPMG and joint administrator, said: "Against this backdrop, the UK business had also come under severe funding pressures. Unfortunately, alternative funding outside of the previous parent company arrangements could not be secured in the time available, resulting in our appointment as administrators.

"All staff are currently being retained to enable us to support customers in the short-term, while we seek a buyer for the business and its assets. We would encourage any interested parties to contact the joint administrators as soon as possible."

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