Poundworld will be closing a further 40 stores with the move resulting in the loss of over 500 jobs.
The shops are looking to close on 24 July.
Claire Boardman, joint administrator, said: “We would like to thank all employees for their continued support and commitment during this difficult time. We are keeping staff appraised of developments as they happen.”
Last week Poundworld’s founder Chris Edwards said his offer to buy 186 stores had been turned down.
