Administrators have started selling off parts of the Leda CTN chain after failing to find a buyer interested in the whole group. The 34 strong chain went into administration last month, blaming high rents, the minimum wage and heavy competition. It had only recently signed a supply deal with Londis as part of a move to enter convenience. Joint administrator Andrew Stoneman at Menzies Corporate Restructuring said the patchy quality of the estate and its geographical spread ­ from Plymouth to Cheshire ­ meant the sell off would have to progress piecemeal. The first stores in Baker Street and South Kensington tube station will go to a London based buyer. Two stores in Solihull and Oxford will go to a Midlands based company. "Obviously we wanted to sell Leda in one piece," said Stoneman. "But it looks like we're going to have to do it in clusters." {{NEWS }}