Essential reading for retailers and suppliers in the home improvement market

Update: Austin White

Published: 11 September 2008
Following news that the distribution company has entered administration this week, managing director Geoff Hounslea comments on the situation.
A statement released by Mr Hounslea reads:

"The company has been hit by the weakness of the pound against the euro and the dollar, increases in transport costs and a slowdown in one of our key markets.

Additionally the disruption and costs associated with the flooding of our premises last year did nothing to help a worsening financial situation. Sadly, and despite the commitment of our staff, we can no longer continue trading."

Administrators Begbies Traynor are exploring all avenues including selling the company as a going concern.

As reported, the majority of staff have been made redundant, although the company is still trading in administration with the assistance of some of the Austin White personnel.

The slowdown of the housewares market this year has most affected the company's performance. A strategic move earlier this year into Austin White branded products went some way to counter the reduced orders in this sector but, according to Hounslea "the die was cast by then, it was already an uphill struggle made worse by the exchange rates."

For further details contact Begbies Traynor on 0161 837 1700.


(Your email address will not be published)
6 + 9 =  
Already Registered?
Sign In
Not Yet Registered?
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

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