Administrators looking to sell electrical wholesalers as going concern
Bridisco, the electrical distribution group that contains BDC and Foster Electrical Supplies, is in administration.
Bridisco, established in 1961, employs circa 600 staff. The company, headquartered in north London, is a wholesaler and distributor of a range of electrical goods including appliances, electrical components, security systems, lighting and consumer electronics. It operates through a nationwide network of 30 distribution centres in the UK.
The company's own brands include Micromark and Powerlectrik.
Alan Hudson and Roy Bailey of Ernst & Young LLP have been appointed joint administrators of Bridisco. Alan Hudson commented: “Bridisco Limited has been experiencing trading difficulties and liquidity constraints in recent months which, combined with losing credit insurance, unfortunately resulted in the business being unable to trade outside of administration.
“The administrators will continue to trade the business with a view to selling the company as a going concern.”
Electrical and Mechanical Contractor