Retailer in liquidation

BV Hicks Ltd a long established electrical retailer in Hadleigh, Suffolk has closed in the face of growing competition from supermarkets and the internet.

The company was formed in 1960 originally trading from Stowmarket but moved to Hadleigh in 1968 selling, repairing and renting TV’s. Sales of white goods were added in the 1970s. 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. McTear Williams and Wood have convened a meeting of creditors to place the company into liquidation

24 June 2014

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