Parcel delivery firm Yodel, which operates a sorting depot in Hatfield, is in the "final stages" of talks amid concerns about its future.

According to the BBC, the company, which employs about 10,000 people, said discussions with "interested parties" were ongoing and constructive, while other reports have suggested the firm is looking for a buyer, and that it could call in administrators if one is not found.

This will cause concern among Yodel employees, including those who work at the Hatfield sorting depot in Frobisher Way.

"In the summer of 2023, following a number of unsolicited approaches, we hired advisers to carry out a full strategic review," said a Yodel spokesperson.

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"The company has continued to engage with interested parties regarding strategic options for Yodel. We can confirm that these discussions are ongoing, constructive and are in the final stages."

The firm is owned by the Barclay family and one of its largest clients is online retailer Very, which is also owned by the Barclays.

Sky News claims that The Delivery Group, a privately owned rival, is among the parties to express an interest in buying the company.