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

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor