East Midlands company Raresupply Ltd in administration
An East Midlands company that has been trading for 25 years has gone into administration.
Raresupply Limited, which trades under the name Sony Centre, employs 22 people and has branches in Derby, Nottingham, Lincoln and Leicester.
The stores, which sold computers and TVs, have closed down and the staff have been made redundant.
The administrators Deloitte said it was down to falling sales over the last two years caused by competition online.
Deloitte said it was working with Sony to fulfil orders where possible, and to deal with warranties and customer service issues.