Discount high street retailer Poundworld has taken out a loan with Santander to fund up to 150 new stores over the next three years.
The company, which already has around 240 stores across the UK, chose to raise a loan rather than go for a flotation. Poundworld’s profit before tax for the year up to 31 March fell from £2.8m to £1.9m as it opened 46 stores.
FT Companies & Markets 20
Times 36
Discount high street retailer Poundworld has taken out a loan with Santander to fund up to 150 new stores over the next three years.The company, which already has around 240 stores across the UK, chose to raise a loan rather than go for a flotation. Poundworld’s profit before tax for the year up to 31 March fell from £2.8m to £1.9m as it opened 46 stores.FT Companies & Markets 20Times 36
