News
Published on 25 - April - 2012
Electrical distributor Inman in administration
Sheffield-based electrical goods wholesaler and national distributor Inman & Co has been closed down after going into administration.The company ceased trading on April 5, when Howard Smith, Mark Granville Firmin and Paul Flint of KPMG LLP were appointed joint administrators.
The decision to call time on the long-established business, which had sales of £20m, means the loss of almost 80 jobs.
The administrators from accountancy firm KPMG said that "in a very competitive market the company's margins were shrinking and cash flow problems led to its insolvency". The firm said it had been unlikely that it would be able to sell the business as a going concern.
Inman, which had distribution centres in Sheffield, Bristol and London, supplied electrical goods to both contractors and independent retailers.
Three years ago it secured a funding package from Royal Bank of Scotland to allow it to implement plans for growth and to support its status as principal UK distribution partner for Philips Consumer Lifestyle.
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By Richard
Hello,
I am very sad to hear about this. I own a large clearance company and would be interested in buying the remaining stocks, if you could point me in the right direction.
Thankyou
By Chris Wright - Inman Director
Thanks for your kind words Jonathan.It was indeed a very sad day for an honourable family firm that did its best and provided employment to many Sheffield people. Unfortunately rising fuel costs,shrinking margins,price erosion ,the demise of the indepedent high street retailer and the relentless growth of the internet led to our closure. I wish you all well at Williamsons D.I.Y and hope you continue to prosper in these challenging times
By Jonathan Williamson
I was shocked and saddened to hear of the demise of Inman's. We have dealt with them since the early sixties and feel that our businesses have grown together.
We are all struggling to survive in the current financial climate but the loss of such an active supplier has left me numb.
29/05/2012 00:28:00
Inman & Co.By Richard
Hello,
I am very sad to hear about this. I own a large clearance company and would be interested in buying the remaining stocks, if you could point me in the right direction.
Thankyou
07/05/2012 23:12:00
INMAN & COBy Chris Wright - Inman Director
Thanks for your kind words Jonathan.It was indeed a very sad day for an honourable family firm that did its best and provided employment to many Sheffield people. Unfortunately rising fuel costs,shrinking margins,price erosion ,the demise of the indepedent high street retailer and the relentless growth of the internet led to our closure. I wish you all well at Williamsons D.I.Y and hope you continue to prosper in these challenging times
27/04/2012 12:21:00
Inman & Co.By Jonathan Williamson
I was shocked and saddened to hear of the demise of Inman's. We have dealt with them since the early sixties and feel that our businesses have grown together.
We are all struggling to survive in the current financial climate but the loss of such an active supplier has left me numb.
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