ArgentVive goes into administration

<p>ArgentVive, the company formerly known as SameDayBooks, has gone into administration, with its two bookshops, in Chertsey and Worthing, closed immediately.</p><p>Paul Appleton and Henry Lan of David Rubin &amp; Partners have been appointed to act as administrators of the group that also includes the social networking book website BookRabbit.</p><p>According to one employee, staff have been told that their March salaries will not be paid. The staff at the Worthing based shop have already started a Facebook group, &quot;Save Methvens Worthing&quot;.</p><p>ArgentVive said it had &quot;exhaustively explored various refinancing opportunities over recent months&quot;. But, it added, &quot;having carefully considered the financial position and prospects of the company&quot; it brought in the administrators. </p><p>A spokeswoman for the administrator said the businesses were now being marketed for sale with its sales agent, and confirmed that they were no longer trading. She said any buyer would have the option of taking on the staff, adding: &quot;If these businesses are going to sell, they&#39;ll sell soon.&quot; </p><p>ArgentVive was founded by Charles Denton after a buyout of the Samedaybooks business. The businesses currently employs a total of 30 staff.</p><p>&nbsp;</p>