Watkins Books faces liquidation threat

<p>London esoteric bookshop Watkins Books will placed in liquidation at the end of the month unless a buyer comes forward.<br /><br /><a href="../news/113633-cecil-court-institution-watkins-books-in-administration.html" target="_blank" title="http://www.thebookseller.com/news/113633-cecil-court-institution-watkins... Bookseller broke the news last week that the Cecil Court &quot;instituion&quot; had been put into administration</a>. Insolvency practitioners Harris Lipman will appoint Freddy Khalastchi as liquidator on 25th March unless a buyer emerges. Khalastchi said he had received a &quot;substantial number&quot; of enquiries from interested parties. &quot;I would still like the business to be sold before that date so as to maximise the value achieved for the business and protect the interests of both employees and creditors. I hope to be able to finalise a deal over the next week or so.&quot;<br /><br />He added: &quot;Many independent bookstores are struggling at the moment. Watkins Books has also been unable to come to an agreement with HM Revenue and Customs regarding a disputed tax bill, which was the final straw.&quot;<br /><br />The administrator blamed increased competition from the internet, falling consumer spending and January&#39;s poor weather for the company&#39;s demise, as well as the disputed tax bill.</p><p>The bookshop was based in Cecil Court off Charing Cross Road and started trading in 1897. It had employed 11 staff.<br /><br /></p>