BusinessBusiness RecoveryFat lady sings as Sister Ray calls in Tenon

Fat lady sings as Sister Ray calls in Tenon

Renowned Soho music store calls in the administrators in efforts to keep the business going

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
business afloat.

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’.

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6d Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6d Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

3w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor