Mon, 11 Jun 2012 | ADMINISTRATION
Administrators from PKF are looking to sell retail camera specialist Cecil Jacobs Ltd after it was placed into administration recently.
Seven of its 19 shops have been shut down by the administrators, leaving 46 staff newly unemployed. These closed stores are located in Hull, Birmingham, Chelsea, Derby, Kingston-upon-Thames, Sheffield and Liverpool.
The move to shut down the stores was to facilitate finding a new owner said Eddie Kerr of PKF.
“We have taken the difficult decision to close a number of Jacobs stores and make redundancies across the business.”
He continued, “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.”
The family-run firm was founded in 1939 in Leicester, four years after Jessops started out, and is the largest independent camera retailer in Britain.
It sells a large range of digital SLRs, digital cameras, photographic equipment from its shops and website. Its business clients, according to its website, include the Police, picture agencies, the press, government departments and schools.
Cecil Jacobs last recorded revenues of £28.24 million for the year ending 31 January 2011, with profits of £109,000 after tax.
This business opportunity presents a solid foundation for expansion within the aviation sector, backed by a strong management team and a robust client base spanning over two decades.
An exciting opportunity to acquire a well-established business specialising in recruitment, with a proven track record in connecting top talent with leading employers.
This is a unique opportunity to acquire a business specialising in labour recruitment and personnel provision, known for its reliable workforce solutions across various industries.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.