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>>>Breaking: Red Cover Prepares To Close<<<

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London based home interiors photo library Red Cover is taking steps to wind down. Contributing photographers have been given the chance to send hard drives to the agency’s offices in Islington to retrieve their images.
The news started flooding into the Photoarchivenews.com office at around 2pm – the answer machine at the library has been on all afternoon – their website is still up. Red Cover hit problems in 2008 with the issuing of a Company Voluntary Arrangement but contributors agreed to work with the agency to try and save the company going forward.
UPDATE 7.45pm – An excerpt from an email seen by photoarchivenews.com:
‘It is with regret that we are writing to notify you that Red Cover is taking the steps to cease trading and close the business down. We did our best to trade out of a difficult situation but we have now concluded that it will not be possible to continue trading the company profitably.
As a result we are winding the company down and you will be hearing from the appointed liquidator in due course. If you were a creditor of the Company Voluntary Arrangement (CVA) then you will be written to by the Joint Supervisors within next 10 days with an update.’
UPDATE 7am 17 Feb: A number of photo libraries have contacted the PAN office offering conversations with contributors regarding representation – call 01233 770044 for details..