A dairy company facing eviction is handed a much-needed lifeline in its bid to stay in Waltham Forest.

Parker Dairies revealed today (June 13) that it will be staying at its Wood Street location for at least another 12 months.

The company was told it would be evicted in September from its Walthamstow site, which has been running as a dairy for more than 120 years, to make way for new flats.

As the last remaining milk merchants in Waltham Forest, Parker Dairies has received national media coverage following the Guardian’s first report.

The extra year will be spent looking for a new permanent site within Waltham Forest to save the company from uprooting further afield to cheaper locations in Essex.

However, the company's “good news” means its 40-year-old electric milk floats will be gracing the borough’s streets in the early hours for another year at least.

A Parker Dairies spokesperson said: “We'd like to say a special thank you to Stella Creasy for all her hard work behind the scenes in our search for a new home.

“So for now as East 17 once sung, we will 'stay another day.”