Furniture retailer and interior design specialist Clement Joscelyne has been forced to close its store in Bury St Edmunds and shed 16 jobs at seven other outlets including Norwich after going into administration today.
The family-run firm, which has been trading since 1879, was placed into administration in the wake of difficult high street trading conditions with Glyn Mummery and Jeremy French of FRP Advisory LLP in Brentwood, the specialist restructuring, recovery and insolvency firm, appointed joint administrators.
Mr Mummery said: 'The recent decline in public and consumer spending, and high competition from large budget retailers has sadly hit small to medium sized retailers such as Clement Joscelyne hard.'
All four staff at the Bury branch have been made redundant but the remaining branches continue to trade as a going concern while a buyer is sought for the business and assets.
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