Toys R Us has staved off the threat of administration after creditors to the company "overwhelmingly" agreed to a restructuring plan that will secure around 2500 jobs.

A total of 800 of the firm's employees in the UK still face redundancy as the plan will see 26 stores close - including four in Scotland.

Consultations with employees are set to start in the new year.

Steve Knights, Toys R Us UK managing director, said: "We are pleased to have secured the support of our creditors and will be working closely with them in the months ahead.

"The vote in favour of the CVA represents strong support for our business plan and provides us with the platform we need to transform our business so that we can better serve our customers today and long into the future.

"All of our stores across the UK will remain open for business as normal until spring 2018. Customers can continue to shop online and there will be no changes to our returns policies or gift cards across this period."

The four stores due to close in Scotland are in Aberdeen, East Kilbride, Kirkcaldy and Livingston.

Three other branches, in Stirling, Dundee and Glasgow, are likely to be downsized.

The fate of all 3200 Toys R Us employees in the UK was hanging in the balance ahead of the ballot, with administrators waiting in the wings had the CVA been rejected.

The Pension Protection Fund (PPF) had earlier refused to back the retailer's rescue plans, but concessions from the company, including an offer to reduce its deficit recovery plan to ten years from 15 years, meant the deal received the PPF's blessing.

In total, Toys R Us has agreed to pay £9.8m into the pension plan over the next three years.

The retailer said trading suffered as its warehouse-style stores, opened in the 1980s and 1990s, have proved too big and expensive to run, while it has also struggled against competition from online competitors.

The announcement comes just months after the US-based retailer filed for bankruptcy protection in the US and Canada.