According to both The Guardian and
Scotsman, the retailer’s bankers, HSBC called in the firm after
Leicester-based company warned last month that debt would swell to £52m.
Jessops has been hit by cheaper prices for digital cameras, which have put
pressure on sales and margins.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies