The sparse window at Partridge Fine Art in Bond Street last Friday.

Enjoy unlimited access: just £1 for 12 weeks

Subscribe now

Richard Merrin, spokesman for administrators MCR, who were called in to run the business on July 20, said he had nothing to add to his firm's original statement that they were "concentrating on saving the business and selling the store as a going concern".

However, at least one ATG subscriber told us that when he visited the shop on Tuesday last week, he was informed that the doors would be closing the following day.

Whether or not the stock has actually been sold, with the shop being cleared out over several days, it is hard to see how it can remain the "going concern" referred to by Mr Merrin.

Few clear details have emerged as to exactly what is happening with Partridge, but at the end of last week, the official Registry of County Court Judgments still listed three Unsatisfied Judgments against the firm in England, one dating from the end of April, the other two from June.

Together they amount to just over £320,000 in unsettled payments.

Allied Irish Bank, who called in the Receivers, rebuffed claims by former chairman Mark Law that they had acted unfairly, dismissing his assertion in ATG No 1901, August 8, that he was given only 90 minutes notice of their move, and that the firm was in a healthy state as "simply not true".

By Ivan Macquisten