PKF administrators make 87 redundancies at Cecil Jacobs

by Rachael Singh

More from this author

20 Jun 2012

  • Comments
Eddie Kerr

PKF ADMINISTRATORS have made 87 staff redundant and closed all but one store 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 latest news brings the total number of redundancies at Jacobs to about 133. The Leicester branch is the only store to remain open out of the 19 in the company's portfolio, prior to its collapse.

The administrators will retain 25 staff to work in the head office and the Leicester store.

Kerr (pictured), a partner at PKF, said: "This is a terribly sad situation to see a long-established family run business close down. Unfortunately this is an increasingly frequent situation, particularly in the retail sector, where trading conditions have never been tougher.

"We had hoped to sell on some of the stores, but unfortunately the market is the same for everyone and is likely to remain this way until the economy starts to show some signs of recovery."

Cecil Jacobs was established in 1939 and was always a family-owned Leicester-based business.

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.