Light fades at Ilford Imaging
One of the iconic names in black and white photography, Ilford Imaging, has gone into administration.
Administrators from Grant Thornton have taken over the running of the photographic materials supplier and could look to sell it as a going concern.
According to The Daily Telegraph the business has been hurt by the rising popularity of digital cameras.
Ilford employs 740 people in Mobberley, Cheshire.
The administration has not affected Ilford’s Swiss business, which continues to trade normally.
Grant Thornton said: ‘Although growth and profitability in its digital inkjet business has continued to accelerate, the decline in the black and white photography market, in which Ilford Imaging has a major share, has continued. This, combined with the weakness of the dollar and major de-stocking, has led to losses.’