Electrical distributor calls in administrators
A Wolverhampton electrical wholesaler has appointed administrators after struggling post-pandemic with the cost of living crisis.
The final catalyst for Ashley Electrical Wholesalers was a large bad debt that forced the company to cease trading.
Chris Moore of K J Watkin & Co has been called in to handle the process and is looking to see the business and assets as a going concern.
As the company had no employees and was ran by a sole director, no redundancies have been made.