PKF ADMINISTRATORS have made 46 redundancies at collapsed camera retailer Cecil Jacobs.
Eddie Kerr and Jim Stewart-Koster from PKF were appointed joint administrators to the UK’s largest independent camera retailer on 1 June.
The Leicester-based company has had to close seven of the 19 stores.
Kerr, partner at PKF, said: “We have taken the difficult decision to close a number of Jacobs stores and make redundancies across the business.
“These measures are painful for everyone involved but they are essential if we are to have a reasonable prospect of finding a buyer for the business as a going concern, although we recognise that there are likely to be more challenges ahead.”