news
End of August sadness as D.A.D Enters Administration Amid Financial Struggles W
ell known to many, if not all in our industry, D.A.D., Domestic Appliance
Distributors, we have been reliably informed, the company has entered administration following a period of sustained financial difficulty. The company, officially registered as John Gillman & Sons (Electrical) Ltd, has appointed Mike Denny and Michael Magnay of Alvarez & Marsal as joint administrators. As we know, this Tewkesbury based company
is a well respected and award-winning distributor, supplying domestic appliances to independent retailers, housebuilders, and social housing providers. Unfortunately, they have reported continued losses. According to Companies House, this is despite generating nearly £48 million in annual revenue, D.A.D., has been unable to meet its funding requirements, prompting its decision to seek external administration support. This has unfortunately meant the job losses
for familiar, trusted, professionals with whom we have known for many years. In fact, 30 of the company’s 78 employees were made redundant immediately upon the appointment of administrators. This will no doubt leave a strain on the remaining staff who have been retained to help maintain operations while options for the future of the business, including a potential full or partial sale, are explored. Since its foundation in 1992, D.A.D., has built a strong reputation employing respected personnel to sell, deliver and support independent retailers with its wide range of MDA & SDA products. It also has built up a robust
relationship with its suppliers and manufacturers. Over the years the company has gradually expanded, currently operating from a 160,000 sq.ft. warehouse, catering to deliver over 55,000 products each month across the UK. This administration not only marks a challenging period for DAD, it’s also a reflection on the pressures facing our industry, as a
whole. Rising costs, tightening margins, along with fierce competition, including direct selling, continues to reshape the UK’s electrical appliance industry. No doubt speaking for a majority in our
industry, we at IER and Datateam as a whole, wish for a positive outcome for D.A.D. as a company, plus its current and former employees.
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