But its losses widened to £17.1 million for the financial year ending March 31, 2017 versus a £5.4 million deficit from the previous 12 month period.
Deloitte said Poundworld would trade as usual while it seeks a buyer for all or part of the business, adding that no redundancies or store closures are yet planned.
A TPG Capital spokesman said: "This was a hard decision for every party involved".
There remains some optimism that a proportion of the chain's 5,300 staff will avoid losing their jobs if buyers can be found for parts of Poundworld's business during the administration process.
"We invested in Poundworld because of our belief in how the company serves its customers and the strength of its employees".
Some other British retailers are closing stores including Marks & Spencer, fashion retailer New Look, floor coverings group Carpetright, mother and baby goods retailer Mothercare and department store House of Fraser.
Trump in Singapore today escalated his war of words with Canada and the European Union in a pair of tweets. But the Canadian prime minister still said a few things that didn't go down well inside Air Force One.
Also, Airtel is providing a cash Rs. 1,800 as well as up to 240 GB of data for free through both online buying platforms. The phone features dual camera where it has 12 megapixels primary sensor and 5 megapixels secondary sensor.
Trump, who left the summit early for his Singapore summit with North Korean leader Kim Jong Un , took umbrage. Vice President Mike Pence told Trudeau he would have to agree to that before Trump would agree to meet him.
The biggest topic of discussion after Game 4 of the NBA Finals is which team will LeBron James choose to play with next season. Durant gave a wide-ranging interview to Yahoo Sports on Friday after the Warriors locked up their third title in four years.
It was a fantastic age where I was taking on the world and we took it on, with some incredible players , a young president, Txiki. Toure made 17 appearances for City in all competitions last season before being released.
The pair had a working lunch together, and Trump was presented with a cake ahead of his 72nd birthday, which is on June 14. In March, Mr Trump surprised the world by accepting an invitation from Mr Kim - delivered via Seoul - to meet in person.
The Islamic State extremist group claimed responsibility for the attack, the group's AMAQ news agency said. Afghanistan faces insurgencies by the Taliban, Islamic State and the Taliban-linked Haqqani network.
The parts supplier issued a statement saying it's cooperating with the government's investigation, The Associated Press reported. The two Korean automakers have now recalled almost 1.1 million US vehicles to address the issue.
Onstage guests were volunteers and staffers from three organisations that bring relief to areas impacted by natural disasters. Though " Mean Girls " was nominated for 12 awards, the stage adapation of the Tina Fey film did not win any.
Mystery solved: IHOb reveals what name change means
The company encouraged customers to guess what the "b" would stand for, but not many were guessing burgers . Speaking with CNN , President of IHOP Darren Rebelez stated, "We are definitely going to be IHOP ".
First ever 'James Bond' girl Eunice Gayson dead at 90
Eunice Gayson , who has died aged 90, was an actor with a film, television and theatre career that spanned several decades. Before making it big as one of Hollywood's most recognisable women, Gayson was born in 1928 in the English city of Surrey.
Nadal Eyes 11th Title As Thiem Shrugs Off Expectations
And he increased the tempo further, consigning Thiem to defeat in his first major final when the Austrian sent a return long. Victory also took Nadal's record at Roland Garros to 86 wins and just two losses. "I can't be always thinking of more".
EU, UN urge Italy, Malta to let in drifting migrant ship
The mayor of Naples, who has repeatedly clashed with the League leader , said he would welcome in the humanitarian boat. However, Mr Salvini does not have authority over the ports and it was not immediately clear if his line would hold.
Vienna possible venue for Putin-Trump summit
Putin said he shares Trump's expression of concern about a renewed arms race expressed in a March phone call . He added that Moscow will continue to honor its obligations under the Iranian nuclear deal.
The 'Biggest Health Care News of the Year'
Fifty-two million Americans with preexisting conditions are at risk or denial of coverage or higher premiums, wrote Timothy S. In 2012, the Supreme Court held that the insurance mandate was unconstitutional as a nationwide mandate.
F1 Debrief: All you need to know from the Canadian GP
"Fortunately we had radio, fortunately we had the lap counter in the vehicle , and the pit board was accurate", said Vettel. Kimi Raikkonen was sixth ahead of the two Renault cars with Nico Hulkenberg leading home Carlos Sainz Jr.