British companies that supply US-owned budget retailer face millions of pounds’ worth of losses if it collapses

Suppliers facing millions of pounds in losses if Poundland collapses have said the chain’s US owner should not be permitted to maximise its return at their expense, as ministers attempt to intervene in the situation.

The fate of the retail chain, its 12,000 staff and about 2,000 suppliers remains uncertain after it filed a notice of intention to appoint administrators at the high court last Thursday.