Deathwatch - Empire Direct In Administration
On the day when the government tried once again to oil the wheels of business lending, the proposals came too late for Empire Direct, as the Bradford-based company went into administration.
158 of the mainly-online company’s 350 employees have lost their jobs and all 14 of their stores have closed.
Formerly self-styled as the country’s largest independent electrical retailer, their website now houses a brief message from administrator KPMG , stating that Empire Direct are, “unable to trade in administration due to low stock levels and operating losses and accordingly the stores have been closed.”
KPMG added that the company “has been severely affected by the economic downturn and experienced a significant reduction in sales from the middle of last year. In addition, the business really suffered when credit insurers withdrew cover in October.”
Two helpline numbers are also listed – for customers, the number to call is 08714 729000, whereas suppliers should call 08714 729001. Email contact address is [email protected]
TOPICS: High Street News