Xtra-vision's County Derry stores close as company goes into liquidation

Xtra-vision’s County Derry stores in Limavady and Magherafelt closed this morning as the company was placed into liquidation. Around 60 jobs is understood to be lost as a result of the decision to shut its remaining 11 stores across Northern Ireland. Liquidator Grant Thornton has been appointed provisional liquidator of Xtra-vision Entertainment, and will oversee the closure of 83 sites across Ireland. A spokesman for liquidators Grant Thornton said: “We can confirm that Michael McAteer has been appointed provisional liquidator of Xtra-vision Entertainment. “Our first priority is to meet and brief employees at all 83 locations and process their entitlements for redundancy. “Over the coming days we will be in contact with all creditors of the company however, it is important to note that any Xtra-vision gift vouchers will be honoured by HMV which is not affected by this liquidation,” added the spokesperson. DUP Mid Ulster MLA, Ian McCrea has expressed his disappointment. He said: “The news of job loses is disappointing to say the least and whilst I welcome the assurances given by the liquidators that they will priorities meetings to brief employees and process their redundancies, this will obviously still be a huge blow to staff employed by Xtra-vision and I want to assure them that my constituency offices are open to help them to ensure they get everything they are entitled to.”