Jglcc Camera Company Limited (01097345): administration
- Status
- Administration ended
- Administration began
- 2013-01-09
- Administrators' firm
- PwC
- Formerly
- The Jessop Group Limited; Jessop of Leicester Limited
- Incorporated
- 1973-02-20
- Location
- Leeds
- Industry
- 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
From the administrators' statement
The Company is part of a group (“the Group”) of over thirty companies, with the parent of the group being Snap Equity Limited (“Snap”) The other companies in the Group are currently not trading and do not have third party assets of significant value.
The Company was incorporated on 20 February 1973 as Jessop of Leicester Limited and had traditionally traded as a retailer of photographic equipment and provider of photograph processing services from specialist stores On 1 March 1995 the Company changed its name to The Jessop Group Limited and the Group was at that time listed on the Stock Exchange.
In 2007 the Company began to suffer trading and financial difficulties which resulted in a re-financing and subsequently a debt for equity swap in 2009. As part of this arrangement, the group de-listed and ownership of the Company was transferred to Snap with HSBC, the Pension Protection Fund (“PPF”) and the management team becoming the shareholders
Administrators' statement of proposals (2013-03-07) · Companies House register