Bond Street based Partridge Fine Art has gone into administration. MCR has been appointed administrator to the 100 year old business.
It sold antique furniture, fine art and accessories at its New Bond Street four storey building.
In 2005 the Partridge family agreed to sell control of the company to investment firm Amor Holdings, the investment vehicle of Chairman Mark Law, and the deal completed in 2006.
Andrew Stoneman, partner at MCR, said: ‘This is a world famous fine art dealer with a strong and loyal customer base. It is too early to determine the reasons why the company has gone into administration and we are concentrating on saving the business and selling the store as a going concern thus saving a piece of history as well as the employment of those working there. We are confident that there will be a significant amount of interest.’
The joint administrators are trading the business as normal and are actively seeking a buyer for the business, including its assets and the lease of the building itself.