Cecil Jacobs, the UK’s largest independent camera chain, has gone into administration.
The retailer founded in 1939 is a family run firm with a chain of 19 stores employing 154 members of staff selling cameras and photography equipment.
The company has three stores in London, two in the family's home town of Leicester and others in Sheffield, Nottingham, Newcastle, Manchester, Liverpool, Leeds, Kingston upon Thames, Glasgow, Hull, Edinburgh, Derby, Cardiff, Bristol and Birmingham.
Administrators at PKF said they will carry on running the business while they seek a buyer.
Joint-administrator Eddie Kerr said: "It's desperately sad to see a family-run business such as Cecil Jacobs encounter problems.