A major toy store is to close its High Wycombe shop just months after opening amid major financial troubles. 

In September, Eden Shopping Centre proudly announced that popular chain Toys 'R' Us would open in October - but less than five months later, it will close for good. 

The announcement has been made amid months of speculation about the store's future following the company's collapse into administration after last-ditch attempts to save the chain. 

Toys R Us is one of the nation’s biggest toy retailers, with more than 100 stores in the UK and 1,500 in 33 countries across the globe, but the firm was grappling with a £15 million tax bill as well as money owed to lenders.

A closing down sale at the High Wycombe store will start with "immediate effect". 

Everything in the store must go, with discounts of up to 25 per cent on all toys. 

Gift cards will also be honoured until Sunday, March 11. 

Deposits paid by customers under 'Take Time to Pay' agreements towards larger purchases will be honoured, provided that the outstanding balance is paid and the goods are collected by March 11.

Alternatively, customers can use their deposits towards the cost of any in-store purchases provided that these are also completed by March 11. 

Goods that are unopened, in a resalable condition and have a valid proof of purchase can also be exchanged, but only while the store is open. 

The store will continue to trade until further notice.