Workers at Peterborough's Ideal World TV gather for announcement on company's future

Scores of staff at Peterborough’s Ideal World TV gathered today (July 6) for an expected announcement on the company’s future.

Colleagues assembled in the car park outside the TV and online shopping channel’s studios and warehouse in Newark Road ahead of the meeting.

It comes after the company, which has 250 staff, suspended all its broadcasting, web and telephone services on Monday.

A member of staff has told the Peterborough Telegraph that staff were sent home on Monday on full pay.

The 23-year-old company was bought by national entrepreneur and investor Hamish Morjaria last year from investment firm Aurelius.

It has also been revealed that the company’s Newark Road site and buildings has been put up for sale at an asking price of £8,100,000 by the land owners Coif Nominees, of London.