PKF administrators make 46 redundancies at Cecil Jacobs

by Rachael Singh

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08 Jun 2012

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PKF ADMINISTRATORS have made 46 redundancies at collapsed camera retailer Cecil Jacobs.

Eddie Kerr and Jim Stewart-Koster from PKF were appointed joint administrators to the UK's largest independent camera retailer on 1 June.

The Leicester-based company has had to close seven of the 19 stores.

Kerr, partner at PKF, said: "We have taken the difficult decision to close a number of Jacobs stores and make redundancies across the business.

"These measures are painful for everyone involved but they are essential if we are to have a reasonable prospect of finding a buyer for the business as a going concern, although we recognise that there are likely to be more challenges ahead."

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