Administration puts jobs at risk at Jessops store

By <b>Byline</b> Thursday 10 January 2013 Updated: 11/01 14:36

THE WORCESTER branch of a photographic company could be at risk after administrators were called in.

PwC took control of The Jessop Group Limited, which has a shop on Copenhagen Street, on Wednesday (January 9) after the company hit financial problems.

A statement released by administrators said turnover at the 192 stores during 2012 was £236 million but there had been a significant decline in the 'core marketplace' during the year and forecasts for 2013 indicated that was likely to continue.

Additional funding was made available but a lack of custom in the run up to Christmas meant the company had not made enough profit.

Joint administrator Rob Hunt said: "Our most pressing task is to review the company's financial position and hold discussions with its principal stakeholders to see if the business can be preserved."

"Trading in the stores is hoped to continue but it is critically dependent on these ongoing discussions. However, in the current economic climate it is inevitable that there will be store closures."

The store is currently not able to take customer vouchers or accept returned goods.

Popular »

1 New look on the menu at Cathedral cafe

2 Giles Potter misses out on X Factor dream

3 Drug dealers jailed for Locke murder

4 Long prison sentences for city drug dealers

5 Bishop finds hope amidst Gaza suffering

More news »

Mechanical failure ends Corporal's Dakar challenge

AN INJURED Worcester soldier's brave attempt to complete

Jobs go as Jessops store closes

WORCESTER staff are among more than 1,300 workers

Dozens of cannabis plants seized in police raid

DOZENS of cannabis plants have been seized by

Pensioner thwarts bogus callers

POLICE have praised a pensioner in Fernhill Heath

Regional news »


Stratford Observer
Stratford District Council to encourage more recycling

STRATFORD District Council’s bin lorries are not rubbish - but ...

Bromsgrove Standard
Missing Bromsgrove teenager found safe and well

THE BROMSGROVE teenager who went missing from Droitwich has been ...

Redditch Standard
Unconfirmed sighting of missing woman Eve Cullen

OFFICERS searching for Hollywood woman Eve Cullen who has now ...

Evesham Observer
Jack’s charged with a top job

A BROADWAY electrical firm has added a bright spark to ...