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Beaumont UK in hot water

Water heater maker Beaumont UK has gone into liquidation, with a total deficiency of just over £1m.
Liquidator Marks Bloom reported that the Salisbury-based company went into voluntary liquidation on June 10, blaming a 10-year decline in sales on lack of marketing activity, coupled with a shaft towards lowest-price tendering which worked against the company’s high-spec products.

Sales in 2005 were £1.75m with net profit of £66k; two years later sales had plunged to £438k, with a net loss of £161k.

The intellectual property rights have been acquired by an un-named associated company.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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