Mon, 14 Mar 2011 | BUSINESS SALE
An electrical retailer based in East Anglia has fallen into administration, with its remaining properties and assets being managed by PKF (UK) LLP.
Bennetts Electrical, which is headquartered in Norwich and has a major commercial property in Bury St Edmunds, alongside 15 other stores, has been put into the hands of administrators PKF (UK) LLP.
A statement released by the company said, “Philip Long, Stephen Holgate and Matt Howard of PKF (UK) LLP were appointed Joint Administrators of the Company on 10 March 2011. The affairs, business and remaining property of the company are being managed by them.”
The retail firm – which employed 300 staff across 16 stores – reported a turnover of £55 million last year. The administrators are now calling for any creditors to details their claims.
Bennetts Electrical's managing director Mike Jones attributed the firm's downfall to the 'particular challenges that the economic climate has presented' and the 'lack of consumer confidence.'
Corporate recovery partner of administrators PKF, David Merrygold, said, “We are already in discussions with a number of parties and hopeful that we will conclude a sale of the business within the next two weeks.
"Any expressions of interest in the purchase of the business should contact Matt Howard at PKF’s Norwich office,” he added.
The company’s comprehensive service encompasses the design, installation and ongoing maintenance of bespoke fire-suppression systems. Key partnerships are in place with market-leading suppliers, which enable the business to implement high-quality, sa...
This well-established home improvement provider, based in the Midlands, boasts over thirteen years of operating history and a loyal customer base, with most projects stemming from repeat business and recommendations.
Opportunity to acquire a well-established private dental practice boasting a highly loyal patient base and a large, stable Denplan list of over 1,500 patients.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.