Footwear chain Dolcis is poised to enter administration as landlords seek unpaid rent.
Its owner Epic Structured Finance filed a notice on 21 December, saying it planned to appoint three people from KPMG as administrators, Property Week has learnt.
It has not paid its rent that was due on 25 December.
The notice of intention to appoint administrators expires next Wednesday and it is thought the chain, which has been emergency talks with financiers, could go into administration by this date.
Landlords poised to take action
KPMG's administrators Brian Green, Allan Graham and Howard Smith from its Manchester office have been notified by Epic of the intention to go into adminstration.
Dolcis's landlords are poised to take action and send in bailiffs to stores if the chain does not go into administration by Wednesday deadline.
The 70-strong footwear chain was bought by Scottish retail entrepreneur John Kinnaird backed by private equity company Epic for £2.7m from listed clothing company Alexon last year.
As reported by Property Week last July it had been loss making and had asked landlords to pay rent monthly rather than quarterly to help its cash flow.