More than 16,000 people are employed by McColl’s, which also has a partnership with supermarket chain Morrisons.
In 2015 McColls moved into the former Co-Operative Convenience Store. The store was then put up for sale as part of a ‘company disposal’ to reduce the store estate to 1,100 shops.
Churchdown residents rely heavily on the store in St Johns Avenue due to the Post Office service for basic access to banking, savings and pensions.
It’s hoped either Morrisons or the EG Group could agree a deal that would rescue the bulk of the company.
On Thursday the company announced that without any fresh funding in the short-term, the group would likely “be placed into administration with the objective of achieving a sale of the group to a third-party purchaser and securing the interests of creditors and employees”.