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Stationery shop in Harborough will close soon

The Osbornes Stationers shop in Market Harborough is closing down

The Osbornes Stationers shop in Market Harborough is closing down

The Osbornes Stationers shop in Market Harborough has started an ‘everything must go’ closing down sale after going into administration.

The shop, in 17 Adam & Eve Street in town, went into administration last month although an exact date for its closure has still not been announced.

There is a note on the front door of the shop explaining that restructuring firm FRP Advisory has been appointed as administrators.

The national firm was founded nearly two centuries ago and has already shut three stores and started closing down sales at 14 other sites, including Harborough’s.

Two others have been sold and discussions are ongoing over the sale of another.

The Birmingham-based business employed 140 staff at the time directors called in FRP Advisory on December 2.

It has struggled to survive through tough trading conditions since the start of the economic downturn in 2008.

The firm, whose stores are mostly in the Midlands, was founded as a printing business in Birmingham city centre in 1832 by Edward Corn Osborne.

Administrators said stores in Arnold and Sherwood, both in Nottinghamshire, and Solihull, in Warwickshire, had been closed before Christmas.

Two others, at Oadby in Leicestershire and Newark in Nottinghamshire, have been sold to Paperweights Ltd, a company controlled by John Waits, a former owner of Osbornes, saving ten jobs.

Steven Stokes, partner at FRP Advisory, said: “Unfortunately further closures are inevitable in the new year.”

The remaining outlets consist of seven in Birmingham, two in Warwickshire, Harborough and Wigston in Leicestershire and single shops in Bristol, Tewkesbury, Worcester and Daventry.

It comes just weeks after another national chain store, Blockbuster, decided to close its Harborough branch after going into administration.

Story by Alex Blackwell

Follow Alex on Twitter, @BlackwellHarb.

 

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