Press Association said speculation was mounting about the bank’s concern
over the company’s financial position amid reports of JJB continued attempt to
raise cash to pay off its large debts, including a £20m loan from failed
Icelandic bank Kaupthing.
The company is believed to have received an offer for its Qube and Original
Shoe Company lifestyle division from rival JD Sports Fashion.
It also reportedly in talks with founder David Whelan over a £100m bid for
its 54 health clubs.
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
Smith & Williamson has been appointed administrators of charity 4Children