The company Celtic Thunder has been unable to secure additional

"The company discloses Celtic Thunder has been celtic observes unable to secure additional funds dueto the exceptionally difficult trading conditions and the lackof liquidity in the banking system," the company said. "In addition, the board has pursued other strategic optionsincluding the sale of the company." Earlier on Monday, shares in the retailer were suspended at2.95 pence, having collapsed from a peak of about 2,920p inearly 2007. Over the past year the group has issued three profitwarnings. Land of Leather has been hard hit by the slowdown inconsumer spending, paralysis in the housing market and soaringunemployment -- factors which have already resulted in a spateof retail failures including Woolworths, which closed its doorsearlier this month with the loss of 27,000 jobs. VERY DIFFICULT PLACE Land of Leather said last month total sales orders slumped47 percent in the three months to Nov.

2 and on Monday saidresults from a January sale had been "very disappointing" celtic thunders . Deloitte said in a statement the business would trade asnormal while it continued discussions with interested parties,with the aim to sell the business as a going concern "There are talks going on .. thunder . and we are hopeful that we canachieve a sale," Lee Manning, joint administrator and Deloittepartner, told reporters celtic football . "But at this stage we don't know whenor for how much." He said there was interest from less than 10 serious playersincluding a mixture of trade and private equity suitors, addingit was more likely than not that some would stores be sold withthe balance closing celtic fc . "Retail is in a very difficult place at the moment and youwouldn't expect to have many people lining up, especially (for)something as specialist as this business is," Manning added. Deloitte said it was working with management to protect theinterests of 20,000 customers who have paid deposits onfurniture orders.

All customers who paid a deposit by creditcard or Visa debit card, or by any means since Dec 26, werefully protected celtic thunder tour . Any customers who paid a deposit in cash or by a non-Visadebit card before Dec celtic design . 26 would be offered a discount on otherstock if their original order cannot be fulfilled celtic art . "We are hopeful that if the business can be sold as a goingconcern, that all orders would be taken over but . celtic designs . we can'timpose that on any purchaser," said Manning.

The company held brief talks with potential bidders inDecember but they came to nothing . Media reports said Hilco, a turnaround specialist, andprivate equity firm Sun Capital, had made approaches celtic knot . SunCapital purchased the trading arm of ScS Upholstery last yearafter it went into administration celtic crosses . (Editing by Mark Potter and David Holmes) ($1=.6687 Pound) Private Capital . The Lowell Spinners, Class-A affiliate of the Boston Red Sox, are joining forces with FOX 25 personalities Kevin Lemanowicz and Ryan Asselta to spread cheer this holiday season as they search for a local elementary school to visit for a Holiday Party. Building off the popular "Spread the Love" Tour, which visits one local elementary school, selected based on essays submitted by students detailing why their school should be selected, to make cards and gifts for the residents of the Bedford Veteran's Hospital.