Essential reading for retailers and suppliers in the home improvement market

Smart Garden Products pull Briers out of administration

Published: 7 February 2019 - Kiran Grewal

Smart Garden Products have announced the purchase of the Briers business and assets from administrators Duff & Phelps.

"The business was short of cashflow and their directors were trying to find a buyer for some months without success, eventually placing the company in administration.  We came in at the end of this process with an acceptable offer and managed to complete very quickly, within days in fact.  It was all very quick!" said Paris Natar, Smart's Chairman.

"The timing could be better with the season upon us and Chinese New Year holiday factory closures" added MD Jonathan Stobart.

"Fortunately there is some stock that has recently arrived at UK ports and even more in transit, in addition to that already in the Briers warehouse.  So we are now bringing that in and arranging for early shipment of other goods already on order, mostly made, as soon as the factories re-open in the second half of February. Not where we would like to be with this, but also not irrecoverable by any means."

Mr Natar added: We are determined to restore normal and full supply of this fantastic range and brand to our retail partners as soon as practically possible, doing whatever it takes. We will be supplying Smart Standards and Smart Service Levels. This is a brilliant opportunity for Smart Garden Products and we intend to make the most of it."

 

 

Comments


(Your email address will not be published)
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...