Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 11°C

Search

Hadleigh: Electrical retailer B V Hicks to close after 54 years of trading

PUBLISHED: 09:32 10 June 2014 | UPDATED: 09:32 10 June 2014

The B V Hicks store in  Hadleigh.

The B V Hicks store in Hadleigh.

Archant

A high street electrical retailer in Suffolk dating back to the 1960s has been forced to close.

B V Hicks Ltd in Hadleigh will be placed in liquidation after its owner died last year and finding it “difficult to compete” with nearby supermarkets, out-of-town retail parks and internet shopping, insolvency practitioners McTear Williams and Wood said.

B V Hicks Ltd was formed in 1960, originally trading in Stowmarket before expanding into Hadleigh in 1968, selling, repairing and renting televisions. Sales of white goods were added in the 1970s.

In a statement, McTear Williams and Wood said: “With the rise in the number of out-of-town retail parks and the increasing use of the internet, competition increased and as a small local retailer it became more and more difficult to compete.

“Unfortunately Mr Hicks Senior passed away late last year and as two further large supermarket chains locally started selling electrical goods the directors decided to close the business.”

Toby Hicks, director of the company, added: “My family and I would like to thank local customers who have supported the business over many years. It is very sad to have to close this long-established business.

“I would also like to thank the dedicated staff for their hard work and wish them well for the future.”

The company has instructed McTear Williams and Wood to convene a meeting of creditors to place the company in to liquidation.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ipswich Star visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ipswich Star staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ipswich Star account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

The chairman of the inquiry into Baby P’s death has urged care and social workers in Suffolk to deliver “old school social work” free of red-tape distractions in a speech delivered to hundreds of industry professionals and students in Ipswich.

More than 10 motorists a day were caught speeding on the A14 Orwell Bridge last month - but it seems most drivers are finally getting the message.

A gang of Ipswich men plied a vulnerable teenager with drink and drugs before taking it in turns to have sex with her, it has been alleged.

Householders in Ipswich owe more than £1million in council tax arrears from a single year, it has emerged.

Landmark building in the heart of Ipswich - The Electric House - is being transformed into new luxury apartments.

More than £42m will be spent on new buildings and vehicles for the region’s ambulance service, after bosses voted to press ahead with two new schemes.

A Suffolk MP warned immigration will not be able to fall until welfare and education reforms allow foreign labour to be replaced with local talent.

A team at Ipswich Hospital which helps frail patients return home quickly has scooped two prestigious national awards.

Suffolk’s internationally renowned concert venue has pledged to scrap controversial carpark proposals if they cannot be achieved without harming the site’s natural beauty.

Health commissioners have given the go ahead for a £9.5million super-surgery in Ipswich – with more expected to follow.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24