Corbett's enters administration

<p>Corbett&#39;s Bookshops has gone into administration, citing months of difficult trading against the backdrop of the recession and competition from the internet, supermarkets and larger competitors.<br /><br />The chain of bookshops includes four stores in Tring and Harpenden in Hertfordshire, Princes Risborough in Buckinghamshire and West Byfleet in Surrey.<br /><br />David Matthews and Martin Ellis of accountants Grant Thornton UK were appointed joint administrators on 1st June.<br /><br />Matthews, a director at Grant Thornton&#39;s Recovery &amp; Reorganisation practice, said: &quot;It is a shame that Corbett&#39;s have gone into administration as the bookshops provide valuable services to local communities. It is not surprising that they struggled given the issues facing small independent retailers.&quot;<br /><br />He added: &quot;Corbett&#39;s will continue to trade and we are considering all options for the shops, which we are looking to sell as a going concern. Failing that we will sell the leases. We hope the local people who have supported the shops will come and take advantage of the reduced prices.&quot;<br /><br />Matthews paid tribute to the staff, and confirmed that 18 will remain, while two are being made redundant. A further person has let voluntarily. </p><p>Offers of interest are being directed to Jigisha Patel, who can be contacted on 01189 839617.</p>