It's an amazing feat to have renegotiated their Banking facilities in the teeth of a World-Bank melt-down . . .
But having said that (positive), this business shows all the hallmarks of one whose customers have deserted them =- about the same as Woolworths.

Just what does JSP offer customers that they can't get (cheaper On-Line) elsewhere - nothing that's my take...too many shops are just too large to support the level of business - in effect the print-business - but that's nothing compared with selling traditional cameras.
But doesn't everyone have a camera - or a phone-camera . . . quality doesn't matter for the majority - just the convenience of sending a snap on-line using yr phone - that'll do.....the "amateur interest" in cameras has evaporated IMHO - folk can sit at home and manipulate their photos on computer.
Today's 45% rise is MM opportunity . . . . but really does not address the business model issues.
All IMHO, my holding is barely worth a stamp.

HMRC loses £1m as Jessops folds

Jessops, the photography retailer which was placed into administration in January, collapsed under debts of £81m, a third higher than original estimates.