Uncertain future for Norfolk stores as Paperchase faces administration

Inside stationery chain

Paperchase is the latest retailer to suffer as the high street remains closed because of coronavirus. - Credit: Paperchase

Stationery chain Paperchase, with stores in Norwich, has filed a notice to appoint administrators.

It is the latest retailer struggling after a sales decline because of coronavirus.

The firm, which has 127 stores and 1,500 employees nationwide, hit trouble last May when its Castle Street store in Norwich permanently closed.

It has a concession in the House of Fraser in Norwich and a store in Longwater, Costessey as well as other shops in Bury St Edmunds and Ipswich, Suffolk.

Paperchase launched a company voluntary arrangement (CVA) restructuring in March but saw this heavily impacted by the pandemic.

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Typically, November and December trading account for 40pc of the company's annual sales, but this was hit by lockdown.

A Paperchase spokesman said: "The cumulative effects of lockdown at the start of the Christmas shopping period and now the current restrictions have put unbearable strain on retail businesses across the country."

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