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Paperchase, a top high street stationery retailer, could appoint administrators as soon as today (January 31).

Paperchase, a leading high street stationery retailer, is on the brink of collapsing into administration after solvent rescue deal plans fell through. The chain’s parent company could appoint insolvency practitioners from Begbies Traynor as soon as today (January 31), Sky News reports.

Paperchase currently operates around 100 stores in major cities across the country including London, Birmingham, Bristol and Sheffield. It is unclear how many stores and jobs would be put at risk by an insolvency, with Paperchase yet to release a statement on its position.

Paperchase ‘on brink of collapse’ as hopes of a rescue deal fade