Administrator cleans house
Allders directors Terry Green, Phil Cox and Harvey Ainley are understood to have been dismissed from the retailer's board by administrator Kroll last night. 130 other jobs at the retailer's HQ will also be axed.

The chief executive, commercial director and finance director, respectively, will not receive a payoff and were asked for the keys to their company cars, according to The Times.

The administrator confirmed that 130 jobs have been cut from the retailer's HQ in Croydon, but refused to name the directors who have been sacked.

A statement from Kroll said: 'The Administrators can confirm that the employment contracts of three senior directors at Allders were terminated late yesterday. However, the directors are keen to assist the Administrators as efforts to sell the business continue and they will fulfil their duties as directors. It would be inappropriate to comment in greater detail on this matter.'

Bidders for the ailing department store chain have until tomorrow to put in an offer for the business. Interested parties are said to include a joint venture from Debenhams and Primark, the group's former chairman Harvey Lipsith, as well as private equity firms Alchemy and Sun Capital Partners.