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A popular UK high street retailer is preparing to close three more shops this weekend after collapsing into administration. The Original Factory Shop is set to close branches across Norfolk and Suffolk. Stores in Cromer, Gorleston, and Bungay will all shut their doors for the final time today, March 28, followed by the Snettisham location tomorrow and two more on April 4.

The Cromer store released a statement saying: "Unfortunately we have some sad news to share with you all. Unfortunately, not the outcome we would have hoped for, but we can only deal with what we have. Please do pop in and see us whilst also grabbing some amazing bargains."

The Original Factory Shop launched major sales across its stores, telling customers to grab bargains now because "when it's gone, it's gone".

It went into administration in January after its owners, Modella Capital, said "last-ditch" measures to rescue the high street shop had not worked.

It underwent restructuring amid fears over its future, with investment firm Modella Capital stepping in to save it. However, in January this year, the group said it would have to start insolvency proceedings for the business.

Insider reports that details around the insolvency have now been revealed.

According to an estimate included in a new report by administrators Interpath, The Original Factory Shop owed more than £30 million to unsecured trade and expense creditors.

The total unsecured creditor balance as at the date of appointment stood at £114 million, based on figures provided by the company's directors.

That figure incorporates about £31 million owed to trade and expense creditors, including £12.6 million to trade creditors, £10.7 million of landlord claims, and £79 million to connected companies.

Richard Harrison and James Clark of Interpath were appointed as joint administrators of The Factory Shop Ltd, trading as The Original Factory Shop on January 28, reports Lancashire Post.