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414:(CVA) which would allow it to survive. PJ Investment Group is offering to provide additional financial support if management can come up with a sustainable business plan. On 27 August 2021 Jessops successfully secured 100% approval of the CVA and PJ Investment Group invested several million pounds into the business in order to provide sufficient capital to grow the business.
323:. On 11 January, it was announced that all 187 stores would close, with the loss of 1,370 jobs. Shoppers who put up to £500 on a gift card, found them useless, and the company ceased to accept customer returns, although manufacturers' warranties on products not branded by Jessops, were not affected.
309:
Snap Equity was formed as a private company, 48% owned by HSBC, 33% by pension trustees, and 20% by an employee trust. On 21 June 2007, Jessops announced the closure of 81 of its then 315 stores, as "part of a strategic review, which aimed to save the
Leicester firm £15m". HSBC acquired the company
393:
opened on the 29 March. Several other stores reopened throughout April. All the new stores contained a mini labs, offering same day processing of photographic film. The company had reopened twenty eight stores across the United
Kingdom, by September 2013. Jessops signed a landmark deal with
29:
1335:
302:, in September 2009. This led to the group's trade being transferred to a new holding company, Snap Equity Limited, whilst Jessops plc was placed in liquidation and the group's final salary pension scheme transferred to the
406:
ReSolve were appointed as administrators for JR Prop
Limited, in December 2019. This company holds property leases and employs retail staff, the main trading company, Jessops Europe Limited, was not affected.
617:
Trade mark / CENTON / Goods and services
Optical, photographic and cinematographic apparatus and instruments Owner(s) name / The Jessop Group Limited / 98 Scudamore Road, Leicester, LE3 1TZ, United Kingdom
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in
September 2000, but abandoned plans the following month. This was because it was told the firm would list with a market value of £90 million to £100 million. The two hundredth store,
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347:, agreed to purchase seven of Jessops larger store sites, from the administrators, for an undisclosed price, to be converted to the convenience store format by Morrisons,
359:
On 28 March 2013, six stores reopened, and
Jessops aimed to open a new store every day on average during April 2013. One of the six opened on the 28 March, the store in
398:
in July 2014, to start opening
Jessops branches in its larger stores, the first of which opened in October 2014. There were fifty two stores of Jessops, by April 2016.
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In the year to 1 October 2023, the company reported revenues of £19.97 million, a decrease of 7.5 per cent on the previous year leading to a £1.2 million loss.
1029:
336:. Various new companies were incorporated including Jessops (Group) Limited, Jessops Europe Limited and Jessops Retail Limited. Jones also incorporated
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The company suffered financial difficulties by June 2007, requiring the strategic review, and eventually leading to a re financing with its bankers,
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is a
British photographic retailing company. It was established in 1935 by Frank Jessop in Leicester, United Kingdom. The company controls
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474:
159:
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On 31 January 2013, however, the brand of
Jessops, and various assets, were acquired by PJ Investment Group owned by entrepreneur,
316:
commented that the company was hurt by the increasing quality of mobile phone cameras, reducing demand for traditional cameras.
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paid £116 million for the company, in
September 2002. The sale was completed the next month. ABN Amro applied to float on the
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327:
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272:, opened in July 2001, which has since closed down. Jessops once again abandoned plans to float, in April 2002.
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in October 2004, which successfully occurred the next month. In May 2004, the main warehouse relocated to
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367:, received considerable media interest, and was attended by several celebrities, including the actor
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In July 1996, Alan Jessop, the son of founder Frank Jessop, sold the firm in a management buyout to
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in 1935, as a specialist photographic retailer. The company expanded to major towns and cities.
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in January 2013. The company was rescued by PJ Investment Group, founded by entrepreneur
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1004:
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893:"JGLCC Camera Company Limited (formerly the Jessop Group Limited) - in Administration"
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CBE who bought the assets, and formed Jessops (Group) Limited, and related companies.
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360:
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On 9 January 2013, Jessops went into administration, with an application made to the
955:"JESSOPS (GROUP) LIMITED - Overview (free company information from Companies House)"
1005:"JESSOPS ONLINE LIMITED - Overview (free company information from Companies House)"
980:"JESSOPS EUROPE LIMITED - Overview (free company information from Companies House)"
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issued the company a winding-up petition due to its outstanding tax liability.
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In the end of the 2000s, the business struggled with insolvency, and entered
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500:"JR PROP LIMITED - Overview (free company information from Companies House)"
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202:, which in turn control JR Prop Limited (formerly Jessops Retail Limited).
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for a range of photographic and related goods sold through its shops.
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1183:"Jessops jobs and stores in jeopardy after administrators called in"
1234:"Camera retailer Jessops calls in administrators for a second time"
230:
A Centon (own-brand) tripod purchased from Jessops in the mid-1990s
225:
1131:"Jessops Reopens on London's Oxford Street Led by 'Dragons' Star"
1336:
Companies that have entered administration in the United Kingdom
1056:"Peter Jones leads relaunch of Jessops with Oxford Street store"
410:
On the 26 March 2021, Jessops announced that were considering a
299:
1264:"Dragon's camera chain Jessops faces closure over unpaid tax"
576:"Dragon's camera chain Jessops faces closure over unpaid tax"
494:
492:
1293:
182:
1108:"Camera chain Jessops re-opens two months after closing"
850:"Owner of Jessops store leases files for administration"
310:
circa September 2009, in a "debt for equity" deal. The
1326:
Companies formerly listed on the London Stock Exchange
330:, one of the investors from the television programme,
264:
Bridgepoint Capital attempted to float Jessops on the
1321:
Consumer electronics retailers of the United Kingdom
1156:"Sainsbury's to open Jessops stores in supermarkets"
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821:"Jessops hands over control to HSBC in rescue deal"
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253:Sale of company and following years (1996–2007)
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1331:Photography companies of the United Kingdom
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1351:1935 establishments in the United Kingdom
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343:On 3 February, the supermarket retailer,
1030:"Morrisons buys clutch of Jessops shops"
879:"Jessops camera chain in administration"
659:"Newswatch: Jessops ditches float plans"
920:"Weathering the Jessops Administration"
433:
1346:Retail companies of the United Kingdom
711:"ABN Amro zooms in to snap up Jessops"
16:British photographic retailing company
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402:Financial difficulties (2019–present)
7:
1341:Retail companies established in 1935
941:"Jessops brand sold to Peter Jones"
799:"Jessops to cut shops and workers"
747:"Jessops to float on stock market"
14:
1181:Butler, Sarah (6 December 2019).
601:"Trade mark number UK00001383066"
729:"Jessops chain sold to ABN Amro"
685:"Jessop pulls yet another float"
27:
1082:"Jessops reopens in Birmingham"
773:"Jessops moves warehouse staff"
1262:Cahill, Helen (11 July 2024).
1129:David Risser (28 March 2013).
895:. 22 June 2017. Archived from
574:Cahill, Helen (11 July 2024).
467:"Jessops reports rosy picture"
294:Financial problems (2007–2013)
1:
1356:2004 initial public offerings
1222:. 1 December 2019. p. 5.
473:. 7 June 2012. Archived from
412:Company Voluntary Arrangement
1311:Companies based in Leicester
943:. BBC News. 31 January 2013.
881:. BBC News. 9 January 2013.
371:. Another store in London,
42:Jessops reopened store, in
1372:
1009:beta.companieshouse.gov.uk
984:beta.companieshouse.gov.uk
959:beta.companieshouse.gov.uk
504:beta.companieshouse.gov.uk
1110:. BBC News. 28 March 2013
525:"JESSOPS (GROUP) LIMITED"
35:
26:
1216:"Notice of Admistration"
801:. BBC News. 21 June 2007
550:"Jessops Europe Limited"
304:Pension Protection Fund
196:Jessops (Group) Limited
58:Private limited company
1316:Photographic retailers
634:www.buyoutsinsider.com
422:HM Revenue and Customs
338:Jessops Online Limited
241:Jessop later used the
231:
200:Jessops Europe Limited
140:Photographic equipment
79:, United Kingdom (1935
22:Jessops Europe Limited
387:were the other five.
355:Reopening (2013–2019)
280:London Stock Exchange
266:London Stock Exchange
234:Frank Jessop founded
229:
153:236.8 million (2011)
142:Photograph processing
717:. 16 September 2002.
340:, at the same time.
222:Early years to 1990s
165:£5.7 million (2011)
1160:The Daily Telegraph
1034:The Daily Telegraph
827:. 29 September 2009
777:www.retail-week.com
715:The Daily Telegraph
689:The Daily Telegraph
259:Bridgepoint Capital
236:Jessop of Leicester
173:PJ Investment Group
118:Number of locations
23:
918:Jessops Employee.
735:. 24 October 2002.
663:accountancyage.com
554:opencorporates.com
529:opencorporates.com
232:
1036:. 3 February 2013
856:. 16 October 2019
665:. 15 October 2000
636:. 1 November 2002
471:Leicester Mercury
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1294:Official website
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753:. 8 October 2004
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1088:. 28 March 2013
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1271:. Retrieved
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897:the original
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825:The Guardian
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779:. 7 May 2004
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605:the original
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475:the original
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385:High Wycombe
369:James Corden
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333:Dragons' Den
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101:Headquarters
96:Frank Jessop
54:Company type
18:
1166:1 September
1092:1 September
1086:www.itv.com
1066:1 September
783:1 September
640:1 September
448:11 February
396:Sainsbury's
328:Peter Jones
245:name as an
211:Peter Jones
128:Area served
1305:Categories
1040:3 February
854:www.ft.com
481:2 February
428:References
377:Manchester
373:Birmingham
321:High Court
284:Weedon Bec
122:12 (2021)
44:Birmingham
1195:0261-3077
1135:Bloomberg
831:31 August
805:21 August
757:21 August
695:21 August
669:21 August
630:"Jessops"
444:. Jessops
391:St Albans
345:Morrisons
247:own brand
77:Leicester
1244:26 March
1200:14 April
1140:28 March
1114:29 March
1014:14 April
989:14 April
964:14 April
925:19 March
903:14 April
860:14 April
611:24 April
559:14 April
534:14 April
509:14 April
381:Aberdeen
276:ABN Amro
185:.jessops
137:Products
64:Industry
1273:11 July
585:11 July
349:M Local
217:History
178:Website
147:Revenue
93:Founder
81: (
72:Founded
1193:
365:London
270:Durham
243:Centon
106:Marlow
67:Retail
47:(2011)
170:Owner
1275:2024
1246:2021
1202:2020
1191:ISSN
1168:2020
1142:2013
1116:2013
1094:2020
1068:2020
1042:2013
1016:2020
991:2020
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927:2013
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833:2020
807:2015
785:2020
759:2015
697:2015
671:2015
642:2020
613:2024
587:2024
561:2020
536:2020
511:2020
483:2013
450:2020
383:and
300:HSBC
187:.com
83:1935
363:in
183:www
1307::
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