An independent record store which has played host to some of the UK’s biggest
music artists has gone into administration.
Sister Ray, which has showcased the talents of household names including Lily
Allen and The Feeling called in adminstrators from Tenon in a bid to keep the
Owners Neil Brown and Phil Barton have said that the shop is still trading
and the administrators are seeking interested parties in order to secure the
future of the business.
The company, which has 15,000 mail order customers and ships CDs and vinyl
worldwide has been trading in Berwick Street for nearly 20 years and is a
cornerstone of the independent record trade.
Joint administrators, Ian Cadlock and Andy Pear of Tenon Recovery are hopeful
that a sale as a going concern may be achieved within the next four weeks.
Ian Cadlock said: ‘This is a unique business with a truly global reputation
and we are doing everything possible to ensure that Sister Ray is preserved for
music fans worldwide’.
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