Xyra Group Holdings, founded by 23-year-old Manvedeep Singh, has been asked to provide more information about its finances after submitting a rescue offer for Poundland earlier this week. Gordon Brothers, Poundland's American owner, wants evidence that Xyra can raise the funds needed to meet a £30m price tag, linked to repayment of a £30m loan that Gordon Brothers bought for £1 during its original buyout. Xyra has reportedly offered £12.5m upfront, leaving a £17.5m funding gap that still requires backing assurances. Xyra has not completed an acquisition, and little is known about its senior leadership or financial backers. The firm is led by Singh and Viktor Bronzovic, its 27-year-old Croatian chief executive, technology entrepreneur and former DJ. Singh did not respond to questions about Xyra's finances, while Gordon Brothers declined to comment. Xyra's credibility has been bolstered by Andrew Brode, a veteran businessman who previously listed RWS on the stock market and became a Xyra director on Oct 31, two days before Singh submitted the Poundland offer. Singh is also a director of Kingdoms of Care and DentLuxue Holdings, after previously being listed as a director at healthcare and care home businesses that folded in quick succession; he worked as a builder before entering the City. Xyra is competing with Ireland's Martin Property Group to keep Poundland operating. Both bidders have only days to secure a deal after directors filed a notice to appoint administrators last Thursday, triggering a 10-day moratorium (temporary protection from creditor action). Management could seek an extension if enough credible offers emerge, but that would depend on Gordon Brothers releasing more cash. The US private equity firm has been blamed for withdrawing funding last week, raising fears that Poundland could be broken up and thousands of jobs put at risk before Christmas. Poundland employs roughly 12,000 staff across 600 stores in the UK and Ireland. Andy Burnham and Robert Jenrick, Reform UK's Treasury spokesman, have raised concerns, while the House of Commons business committee ordered Gordon Brothers to appear at a hearing next week. Committee chair Liam Byrne said on Friday that he had accepted a request for the hearing to be held in private.