The bookshop folded after being unable to repay a loan demanded from a principal shareholder, following a decision to move premises to escape a two-fold increase in rent at its original Covent Garden location.
As a result, the business is being voluntary woundup and Jason Godefroy and Paul Clark, partners from Menzies Corporate Recovery, have been appointed joint liquidators.
‘I’m hopeful that the business and assets will be sold as a going concern,’ said Godefroy.
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