MORE than 5,000 jobs are at risk as Poundworld's eleventh hour talks collapsed.

The firm is expected to appoint administrators and it is not yet known what will happen to staff, according the BBC.

Read more: Poundworld goes bust putting 5,300 jobs at risk

As previously reported by the Evening Times, the administration will be handled by Poundworld's advisers Deloitte.

Poundworld, which is owned by TPG Captial, had previously rejected offers to sell through a pre-pack but all options are now being considered.

More to follow.