Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Three Poundland stores are set to shut down in the coming weeks amidst uncertainty about the brand's future. The budget retailer has been considering appointing advisors to facilitate a sale of the entire business, which includes more than 784 stores, as reported last month. Teneo, an advisory firm, is said to have been enlisted to handle the sale of the chain. This development comes after Pepco Group, the parent company of Poundland, announced they were exploring "all strategic options". Subsequently, it was suggested that the sale might occur for the symbolic amount of just £1. Industry insiders speaking to The Grocer indicated this would involve the buyer paying a nominal fee but also assuming all the company's debts. Russ Mould, investment director at AJ Bell, commented: "Some analysts are suggesting Poundland could be available for sale for £1, although there would then be lease costs and other potential liabilities on top of that nominal purchase price." While no further details on the sale have been disclosed, three stores have had their final closing dates confirmed. The Clapham Junction branch in London will close first on May 2, followed by the Belle Vale shopping centre outlet in Liverpool on May 6, reports the Daily Star. Additionally, a store in St George's Centre in Gravesend, Kent, is also slated to close soon, though its final trading day has not yet been announced. A spokesperson for Poundland confirmed earlier this month the impending closure of their branch at Belle Vale Shopping Centre, conveying to the Daily Star: "It's correct we'll be closing our Belle Vale store on 6 May because we've been served notice on our lease. We know how disappointing this will be to customers and colleagues." (Image: In Pictures via Getty Images) The spokesperson added, "Whenever we have to close a store in these circumstances, we do all we can to look for other opportunities for colleagues and that work is now underway. We'd like to thank customers at Belle Vale for their support and look forward to welcoming them at our other stores across Merseyside." Local residents expressed their frustrations on social media, with a number criticizing what they label "greedy landlords" as the cause of the shop's closure. One local stated on Facebook: "Its wrong some of the workers in there have been loyal workers in there for years. Bellevale owners don't give a (monkeys) about the shops or the community." They continued by alleging, "They're greedy and either want ridiculous rent and contracts or they want to force people out so they can flatten it." Another shared a gloomy prediction: "I think the shopping centre is going to be demolished all the empty shops now no repairs done the land is probably worth more than the centre." Despite attempts made by the Daily Star, Belle Vale Shopping Centre management has yet to respond with comments on the situation.