Central administration News

The Administrator for the camera chain Jessops say he's had several inquiries from potential buyers but that shops will still close and jobs will be lost.

The company which has its headquarters in Leicester has suffered from online competition and advances in camera phones. Jane Hesketh reports.

• UK
• Jessops
• Leicester

The Leicester based camera retailer Jessops has gone into administration. It puts 2,000 jobs at risk as the company's administrators, Price Waterhouse Cooper, say that store closures are 'inevitable'.

Shoppers in Leicester are sad to see the store struggling.

• UK
• Jessops
• Leicester

The Leicester based camera chain, Jessops, has become the first high-profile retail casualty of 2013.

Its administrators, Price Waterhouse Cooper, has said that store closures are 'inevitable'.

The retailer has 192 stores across the UK. It puts 2,00 jobs at risk.

Questions are now being raised on the impact this will have Leicestershire's economy.

• UK
• Jessops
• Leicester

The Coventry-based black cab manufacturer Manganese Bronze has fallen into administration.

The move was confirmed in a statement to the London Stock Exchange today.

The news follows last week's announcement that it was to stop the sale of its vehicles due to a fault on the steering mechanism, prompting a product recall on around 400 new taxis.

• UK
• Black cab
• Manganese Bronze

Administrators at Port Vale Football Club today named Lancashire-based businessman Keith Ryder as their preferred bidder.

The club has been in serious financial trouble and entered administration last month.

Administrators said Mr Ryder, who has a background in financial services and property development, "has no intention of bullding houses" on the current site.

Mr Ryder, who was not at the press conference today, has promised to meet supporters. He will be holding a Fans' Forum on April 18.

Club administrator Bob Young said: "Financial services, property development. He [Keith Ryder] has asked me to make absolutely clear he has no intention of building houses or anything other than a sports stadium here.

"He will sign an anti-embarrassment clause with the council to commit to keeping this as a football site."

• Sport
• Keith Ryder
• Football

The joint administrators of cash-strapped football club Port Vale have revealed that their preferred bidder for the club is Keith Ryder.

Ryder, who's a Lancashire-based property developer, is looking to acquire the club through a new company - Port Vale FC Limited.

He wants to reassure fans that he has no plans to build houses on Vale Park.

In a statement he said he wants to "bring the good times back to Burslem."

• Sport
• Football
• administration

A press conference is being held at Port Vale later this morning, where it's expected administrators will announce their preferred bidder. It is understood that they have received five anonymous bids, the deadline for which was Monday.

Port Vale entered administration last month with debts of almost £3 million.

Bob Young, Gerald Krasner and Steve Currie of corporate recovery specialists Begbies Traynor were appointed joint administrators following an order made by the High Court in Birmingham.

• Sport
• Football
• administration