BusinessBusiness RecoveryFine art dealer placed into administration

Fine art dealer placed into administration

MCR partners to handle administration of Partridge Fine Art

A fine art dealer which once had the British Museum and the royal family
amongst its clients has been placed into administration.

Partners Andrew Stoneman and Matt Bond from MCR have been appointed
administrators for Partridge Fine Art which has been selling fine art since
before World War I.

Stoneman described the firm as `a world famous fine art dealer with a strong
and loyal customer base.’

`It is too early to determine the reasons why the company has gone into
administration and we are concentrating on saving the business and selling the
store as a going concern thus saving a piece of history as well as the
employment of those working there,’ he said.

`We are confident that there will be a significant amount of interest.”

The joint administrators are trading the business as normal and are actively
seeking a buyer, including its assets and the lease of the building itself.
Partridge Fine Art is based in a four story purpose-built building in New Bond
Street known as the ‘Palace of the Arts’.

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