Office Outlet in Administration

Adana Security has been awarded the contract to secure the warehouse premises and assets of Office Outlet in administration, which is located on the A5 at Watford Gap, Northampton. The 300,000 sq.ft. warehouse is a busy location with 16 loading bays.

Office Outlet recently went into administration and Adana has been contracted by the administrators, Deloitte, to provide round-the-clock security until the business has been sold as a going concern. The retailer, formerly known as Staples, has 90 stores, predominantly in out-of-town retail parks. Its collapse came less than a year after its management team resorted to a company voluntary arrangement (CVA) to jettison unwanted stores and slash its rent bill. Deloitte partner Richard Hawes, who is overseeing the administration, said the business had suffered as a result of falling stationery sales as well as the wider malaise on the high streets.

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