Essential reading for retailers and suppliers in the home improvement market

Electrical distributor Inman in administration

Published: 25 April 2012
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.

Comments

Published prior to March 2014
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
Published prior to March 2014
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
Published prior to March 2014
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.

(Your email address will not be published)
8 + 7 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories