Southampton photography shop enters administration

Mon, 06 Jun 2016 | ADMINISTRATION

A popular photography and camera retailer in Southampton has gone into administration citing intense online competition after 40 years in business, reports the Southern Daily Echo.

City Photographic had been a permanent fixture on Bedford Place in Southampton since 1971 after being set up by amateur photographer Roger Butterfield. At the time, there were 12 camera retailers in the city. However, with the rise of online retailers, the increasing use of mobile phones for most photography and the transformation of Bedford Place itself, the photography business has found it difficult to survive.

Other reasons cited by owner Roger Butterfield included a decline in the printing and framing of photographs, with many people now storing all of their memories in digital formats on their mobile phones, tablets and computers.

The distressed business has now been placed into administration, with RSM Restructuring Advisory handling the sale of all assets.

A statement from RSM read: “Due to a general decline in business over the last couple of years the company had become loss making and whilst the director considered other options there was no alternative other than to cease trading and close the store.

"It is always sad and disappointing when a long established business closes and we know the director would like to thank those customers who have supported him.

“Six employees were made redundant and it is unknown what the shop will be used for in the future.”

For more information, see the latest businesses in administration.


Share this article



Latest Businesses for Sale

Wood Burning Stoves Retailer
North Yorkshire, Yorkshire and the Humber, UK

Lifestyle wood burning stoves retailer, iInstaller and wholesaler: Includes stones and reclaim / salvage business. This is a well established family business within the fashionable and lifestyle choice sector of wood-burning stoves. These stoves are...

Asking Price: £165,000
Turnover: £746,000

LEASEHOLD


Fireplace Surround Business
West Midlands, UK

Renowned and respected business, favoured by customers for its unique product offering and its excellent service. Established in 1990, the business has overcome several recessions, continually growing its reputation, workload and customer base. The c...

Asking Price: £750,000
Turnover: £750,000

LEASEHOLD


Garden Machinery Lawnmowers Tool Hire Business
North Wales, Wales, UK

Garden machinery, tool hire, lawnmower sales and repair business, ideally situated within a popular residential area in North Wales. The business is split over two sites, one is a retail unit with workshop, close to the town centre, whilst the larger...

Asking Price: £225,000
Turnover: £310,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Nov
 

Warm Zones enters administration | ADMINISTRATION

A North Shields-based non-profit business dedicated to helpi...

 
15
 
Nov
 

Berketex Bride enters administration | ADMINISTRATION

With over 50 years in selling wedding dresses, Berketex Brid...

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
15
 
Nov
 

Administrators called in for online bike retailer | ADMINISTRATION

A company that sells bikes and cycling gear online has enter...

 
21
 
Jun
 

Flour mill bought in a pre-pack administration | ADMINISTRATION

C Marston & Sons (Icklingham) Limited, a Suffolk-based strug...

 
09
 
Jul
 

Lincolnshire metal fabricator goes in administration | ADMINISTRATION

SST Process Engineering, a metal fabricator business based i...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources