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(Your email address will not be published)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
*

What do you think?


As the Brexit saga continues, what do you want the Government to do?



Latest reader comments

re: Which? says B&Q website is bottom of the pile

Roy stone
b&q website has always been terrible 9 times out of 10 it takes an age to work or if it works at all I am a tradesmen and also hold a ...

re: New safety mark replacement could cost UK manufacturers millions

Robert Millien
All very true.Reminds me of all the horror stories about what would happen on 1st January 2000. What happened? Nothing!!!...

re: BCT calls in administrators

Kevin Keely
I worked at Bct in 2009/10 for several months. This time left a lasting impression on me. What an impressive company, staff, colleagues ...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

John Garner
Dear Mr Bell. May Ifirst congrate yyou on your promotion yo CEO B&Q. I need your help. 2010 I purchased from B&Q a full kitchen for ...

re: New safety mark replacement could cost UK manufacturers millions

geej@onetel.com
Some misconceptions here. For some time many EU Countries refuse to accept UK Conformity Tests and insist manufacturers get retested in ...

Most read stories