# Poundland on course for £18m profit despite owner pushing for collapse

- URL: https://talkfuse.com/story/poundland-on-course-for-18m-profit-despite-owner-pushing-for-collapse/
- Published: 2026-11-06T12:10:30+00:00
- Updated: 2026-11-06T12:22:57+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/poundland-on-course-for-18m-profit-despite-owner-pushing-for-collapse/
- Topics: Business, Companies

## Key points

- Poundland is forecast to make an £18m profit.
- That would reverse last year’s £85.2m pre-tax loss.
- Administration still threatens 12,000 staff and 600 stores.

## Summary

Poundland is on course to make an £18m profit for the year to September, a sharp reversal from its £85.2m pre-tax loss the previous year. The reported turnaround raises questions about owner Gordon Brothers’ claim that the retailer remains financially vulnerable, as it moves towards appointing administrators despite receiving offers to buy the business.

The £18m figure is unaudited and could rise above £20m once the accounts are audited; Poundland founder Steve Smith cited internal projections of £21m. Gordon Brothers says the business still faces risks, while bidders have reportedly been unable to agree terms, including over a £30m loan. The potential administration puts 12,000 staff and 600 stores at risk, with suppliers and an estimated 30,000 supply-chain jobs also affected.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.