Overcast

Overcast

max temp: 2°C

min temp: 2°C

Search

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

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

An Ipswich woman who was reported missing to police today has been found safe by officers in Felixstowe.

Community leaders in east Suffolk will be better equipped to fend off unwanted developments – after their proposed sites for new homes were approved by a planning inspector.

Today we are testing your knowledge of Ipswich pubs. Some are still open for business and others have called last orders for the final time.

Discount supermarket giant Aldi has confirmed its intention to build a new store in Martlesham Heath, and has submitted a formal planning application.

Flat tyres are troublesome at the best of times and are even more of a problem when it happens to a large electric locomotive and the only place to get it fixed is 200 miles away.

The sister of a renowned Suffolk filmmaker who fought brain cancer with “determination and incredible strength” is calling for more research into the disease following his death.

The director of Ed Sheeran’s Castle on the Hill video has praised the Suffolk community for helping during the filming.

A national conference discussing how mental health issues affect young people and what support should be provided took place at the University of Suffolk today.

A crewman who suffered severe burns in an explosion on board a container ship, which killed one of his colleagues, is reported to be making good progress in hospital.

Businesses based in rural parts of the region are preparing for battle with the government after it emerged that thousands faced a huge rise in commercial rates.

Most read

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24