ArgentVive plc, formerly samedaybooks.co.uk, has entered into Administration. The Company appointed Paul Appleton and Henry Lan of chartered accountants and insolvency specialists David Rubin & Partners as Administrators on Monday 23rd March 2009.
ArgentVive has retail stores in Chertsey and Worthing. It also had an online portfolio including an e-tailer www.samedaybooks.com and www.bookrabbit.com, a hybrid social networking site which provided a platform for people who like the same books to meet, share opinions and make recommendations. The businesses currently employ approximately 30 staff. The Administrators are seeking a sale of the stores and websites as a whole entity, or individually.
ArgentVive initially comprised seven retail book stores and under new ownership acquired three internet businesses. It was unable to secure sufficient funding to invest in its various acquisitions and has been selling off these businesses since autumn 2008.
"The retail stores in Worthing and Chertsey have a loyal customer following, are based in prime locations and both websites are well-respected in the industry," commented Paul Appleton of David Rubin & Partners. "ArgentVive shifted its strategic focus from retail and, as such, a great deal of investment has been spent on the online offerings. With the rise in popularity of social networking sites, we are confident that the business has much to offer a potential purchaser."
www.booktrade.info/index.php/showarticle/20370
PLEASE NOTE THAT WE HAVE NO CONNECTION WITH THIS COMPANY (ARGENTVIVE) NOR WITH THE WEBSITES MENTIONED. WE ARE ONLY FEATURING THIS NEWS AS IT MAY BE OF INTEREST TO OUR BOOK BUYERS THROUGHOUT THE WORLD. Roger Crossland: Firstbookshop.com
