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UPDATE: Final closure for Rapid Hardware

Published: 11 February 2013
Iconic Liverpool store Rapid Hardware has reached the end of the road - less than a week after administrators were appointed to the business.
UPDATE: Final closure for Rapid Hardware
The store has closed its doors for the last time, and all staff have been made redundant.

Rapid went into administration last Tuesday but remained open for business. Just two days later, however, administrators from financial advisory firm Duff & Phelps suspended operations "pending discussions with the company's main suppliers" and warned of the possibility of permanent closure.

That has now become a reality, with the store shutting down at the weekend.

In a statement, joint administrator Philip Duffy said: "The financial position of the company is such that it can no longer continue to trade as there is insufficient stock to generate sales with which to meet on-going trading liabilities, including employee wages and salaries.

"This was discussed with the company's employees in meetings last week whilst discussions were on-going, however the joint administrators have now written to all employees to confirm that the store will not be re-opening and as such all employees have been made redundant with effect from 8 February 2013."

Rapid is thought to have employed over 100 people, all of whom are now having to apply for statutory redundancy and unpaid wages.

No one was answering the phone at the store when DIY Week called.

- Did you ever supply Rapid Hardware? DIY Week is conducting a brief, anonymous survey for suppliers who have had a relationship with Rapid. Take part here.

Comments

Published prior to March 2014
By Sue
I was very sorry to hear the store ahs closed and even more sorry for the people who worked there. As a customer I loved that shop. Not being a car owner it was very handy for all DIY needs. I shall miss it very much.
Published prior to March 2014
By Max
I loved this store and thought Danny v good bloke. My biz was a supplier and thought Rapid treated us v well. RE comment about DIY not working in high street, fair enough, but credit for doing things differently. Some of the greatest businesses start and succeed with an unconventional idea. I last visited them when they had Santa's Grotto over Xmas (in a hardware store!!) and was v impressed at the footfall this created. RE management not sharing with staff they were in trouble until the end, how could they??? Running a business requires leaders to keep momentum and try and ride the storm. Sometimes this means putting on a brave face and carrying on. Giving staff the option to go an get a new job before the end would have been bonkers. Sad sad times. Sorry for family and employees.
Published prior to March 2014
By jobs
rapid was not about job creation it wasnt a charity it was a business, jobs were there to create profit not to keep people in work on bad wages
Published prior to March 2014
By dm
it's amazing to hear people make comments about how this should be done and how that should be done. Rapid hardware has been in business a very long time and over that time have created a lot of jobs for people. I feel for the Doherty family as it's a family business that's been built over so many years to all of a sudden have it taking away from you. Alot of big companies unfortunately have been hit by the recession. Not only have they lost their business but they have to take the burden of so many people loosing their jobs too. We should be crediting them for giving so many people jobs in the first place.
Published prior to March 2014
By LFC
Ex-employee. No warning at all. Left high and dry, company sucked everything out of the staff the last month. Now we know why. We all know how long these things take, banks do not decide at the drop of a hat. Surprised to read comments re: Danny. Heard everyone talk ill of them but my experiences never backed that up, always very good to me and those around me, never heard anyone treated badly except by middle management. Lot of bad decisions made though. Bad atmosphere round the place every day showed writing on the wall. Such a shame for the staff and customers who lost out.
Published prior to March 2014
By Mike
I agree it is a shame. But you know the regret ends with the loss of jobs at rapid not with the bad choice to give a boy and a very silly boy at that the chair. I agree with jm. The way that lad stormed around talking to staff like dirt and looking down on you made you feel bad.so no no regrett for the owners at all. In any way. They let the kid out the pram. Sorry for all the guys at rapid the staff that is. Danny get a job lad
Published prior to March 2014
By Russell Buckley Stuart Henry Kitchens
We live close to and have been customers of Rapid, I also design & sell the same kitchen products as them from my studio across the Mersey in Bromborough. We said when we found out that they were moving from Renshaw street to the old George Henry Lee building that it would not work and they will lose massive sales, and how right we and others have been. This can only be blamed on short sighted and "higher than their stations" owners who wanted to be a department store not a diy type store. Running a business is very hard given all its costs as well as staffing so to jeopordise themselves and their employees was at least reckless.
Published prior to March 2014
By Jm
I am so sorry for the loss of jobs at rapid.and that a store like rapid had to go.but i was employed by rapid for some time and found daniel doherty to think he war bill gates.and the way he spoke to staff.get a life kid as thats all you are a boy
Published prior to March 2014
By reg varney
Surely it was bad idea to move a DIY store to a pedestrianised precint and expect people to be carrying boxes of tiles and shower bases etc I'm not a business advisor but I made exactly those comments when they moved there
Published prior to March 2014
By ex rapid employee
How m doherty classed us all as family i really dont know. I cant even bear to hear their name. He knew the buisness was in trouble yet didnt have the decency to tell the staff hr thought so much s. At least if wed bn warned we wud ov had the choice 2 get out if we wanted. But NO. Now most ov us are in debt an mite b homeless. So thanks very much.
Published prior to March 2014
By Karl
i am.waiting on 600pounds worth of stuff how do i get my money back?

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