Independent London record store Sister Ray has gone into administration after nearly 20 years in business.

The store, which is based in Soho's Berwick Street, is well known for its cross-genre mix of music on CD and vinyl and its expert staff. It has also hosted in-store gigs by acts including White Denim, We are Scientists, Lily Allen, the Feeling and Blood Red Shoes.

Sister Ray has 15,000 mail order customers and ships CDs and vinyl worldwide. Owners Neil Brown and Phil Barton say that the shop is still trading and the administrators are seeking interested parties in order to secure the future of the business.

The joint administrators, Ian Cadlock and Andy Pear of Tenon Recovery, are hopeful that a sale as a going concern may be achieved within the next month. They are being assisted by specialist agents and valuers Edward Symmons.

"This is a unique business with a truly global reputation and we are doing everything possible to ensure that Sister Ray is preserved for music fans worldwide," says Cadlock in a statement.