John Gillman & Sons (Electrical) - Administration

John Gillman & Sons (Electrical) trading as Domestic Appliance Distributors, a 30-year-old Gloucestershire-based appliance distributor, has entered administration, with Mike Denny and Michael Magnay of Alvarez & Marsal appointed joint administrators.

The administration was reportedly triggered by the business making a loss, which resulted in a funding requirement which it was unable to meet. The company is continuing to trade as the administrators explore options, including a full or partial sale, although 30 of its 78 employees have already been made redundant.

Threesixty Holdco 5 and Close Brothers as security trustee have registered charges against the company.