After many months of speculation, the fears of Mothercare's thousands of UK staff and loyal customers look set to be realised, as administrators are lined up to take over the business.

It's sad but not surprising news, as we know they are one of the many household high street brands that have struggled to make ends meet in the current retail climate.

It's undoubtedly distressing news for employees of Mothercare and their families especially so close to Christmas. Now is the time to check what redundancy rights you have and dig out any income or mortgage protection policies you hold just in case.

It's currently unknown whether or not Mothercare will honour gift vouchers and refunds if administrators are called in. It isn't illegal for them to refuse refunds so if you were hoping to return any goods you may be in for a lengthy battle to get your money back.

Employees worried about their redundancy rights should read the money.co.uk guide for more information:

For customers worried about their rights if Mothercare does go into administration should read the money.co.uk guide for more information: