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Mothercare's plan to shut dozens of shops has been derailed after the struggling retailer admitted it received its sums incorrect.
Last Friday the corporate stated lenders had backed a restructuring plan that included closing 50 shops.
However, Mothercare stated it now realised that plans for its Childrens World division had not been permitted by the required 75% majority.
The child items retailer will now take into account all choices for the enterprise.
The Childrens World division accounts for 21 of Mothercare's 152 shops.
Creditors voted individually on a firm voluntary association (CVA), which permits corporations to close loss-making outlets and cut back rents for the corporate's three subsidiaries: Mothercare UK, Early Learning Centre, and Childrens World.
Mothercare stated the vote had failed "by a very narrow margin" at 73.three%, that means the Childrens World CVA proposal wouldn't progress additional.
The retailer stated the announcement wouldn't have an effect on its different restructuring plans.
Mothercare has practically halved its store numbers over the previous 5 years. It had supposed to have 92 retailers by 2023, however has now accelerated its closure plans and may have simply 73 by that 12 months.
The firm plunged to a £72.8m loss in its most up-to-date monetary 12 months, because it took hefty costs to pay for closing shops and reorganising the enterprise amid a 1.3% decline in like-for-like gross sales.
CVAs have turn into commonplace this 12 months as a variety of large excessive road names wrestle to remain afloat.
Earlier this 12 months, toy store chain Toys R Us collapsed into administration, as did electronics retailer Maplin.
Carpetright has entered into a CVA and introduced store closures, together with vogue chain New Look.
Quite a few causes have been cited for failures on the High Street, together with a squeeze on shoppers' revenue, the expansion of on-line procuring and the rising prices of workers, rents and enterprise charges.