CAMERA RETAILER Jacobs has called in PKF administrators Eddie Kerr and Jim Stewart-Koster.
Jacobs is the largest independent photographic retailer in the UK and operates 19 Jacobs stores across the country.
Kerr, (pictured) partner at PKF, said: “It’s desperately sad to see a family-run business such as Cecil Jacobs encounter problems. The company has a rich heritage and loyal customer base, but this has not been enough to see it through the ongoing economic slowdown.
“Our plan is to keep the business running in the short term and undertake an immediate review of the company’s estate, with a view to finding a buyer, if possible, for the going concern.”
Jacobs was established in 1939 and employs about 154 staff.
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The fast-track move is a bold departure from the norm, as a probe would normally only begin several months after administrators had finished their own enquiries