The Poundworld brand was purchased by businessman Manni Hussain, pledging to return the chain to the high street.

[6] He initially set up a multi-price store called "Bargain Centre", before switching to a single-price format in 1997, trading as "Everything £1" at 58, Westgate, Bradford.

[8] Its expansion meant that the company required larger premises, and it relocated its head offices to the largest unit in Yorkshire's main warehousing and distribution base.

[11] In October 2013, Poundworld partnered with the Marie Curie Cancer Care charity, which it had already supported during 2013's Great Daffodil Appeal.

[15] The Edwards (father and son) were placed at Number 12 in Management Today's annual list of Britain's Top 100 Entrepreneurs in October 2014.

[17] On 15 May 2015, the company announced that it had sold a majority stake in the business to private equity firm TPG Capital for £150 million,[18] with Christopher Edwards, his son, and other senior executives retaining a substantial minority holding, allowing the family to retain the day-to-day running of the business.

[20] Shortly after the deal, the company announced that it had begun construction of a new distribution centre in Normanton as part of a plan to create 4,000 jobs, and hoped to open a further 200 new stores in the next three years.

[24] After rescue talks with potential buyer R Capital failed, the company entered administration on 11 June 2018, the same day that electrical retailer Maplin became defunct.

[29] The discussions appeared to come to a sudden conclusion on 5 July 2018, when it was reported[30] that Edwards' bid had been rejected, placing the future of the business in fresh doubt.

[35] However, the UK National Crime Agency issued an Unexplained Wealth Order shortly thereafter, on the basis of Mr Hussein's suspected money laundering, forcing him to hand over control of the company to the state.

[36] In May 2012, the company launched a wholesale website, targeted at market traders, eBay sellers and independent retailers.

[46] In October 2014, The Advertising Standards Authority (ASA) ruled that Poundworld's "Everything £1" slogan was misleading, as some items were priced at up to £8.99.

[47][48] In 2012, the company was the subject of a BBC documentary series, Pound Shop Wars, that focused on the competition between Poundworld and its rivals.