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Tool supplier enters liquidation

Date Added: 09/02/2012  

A tool supplier has announced it has entered liquidation, with its members of staff being told their jobs have been lost as a result.

Family-run Howard Richard Sales has closed down and director Howard Jones told DIY Week he is "absolutely devastated" by the failure of the business, which was founded more than four decades ago.

He stated "a very hostile trading environment, which some people seem to be coping with more successfully than we could" was to blame for the company entering liquidation.

Mr Jones added there has been a lot of interest in the remaining stock of the business and he is currently working alongside the liquidators of the firm to sell it and raise some funds in order to be able to pay off some of its debts.

Some 1,526 businesses fell into administration, liquidation or receivership in Scotland last year, it was recently reported by the Scotsman.

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Posted by Julie Cutts

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