R Hicks & Sons (Wholesale) Limited (00583602): administration
- Status
- Administration ended
- Administration began
- 2013-12-02
- Formerly
- R.Hicks & Sons Limited
- Incorporated
- 1957-05-08
- Location
- Sheffield
- Industry
- 46390 Non-specialised wholesale of food, beverages and tobacco
Why it went into administration
- Competition / price pressure
- Sustained trading losses
From the administrators' statement
R Hicks & Sons (Wholesale) Limited was incorporated on 8 May 1957, under the name R Hicks & Sons Limited, and continued to trade a business that had been established by the great grandfather of the current director, Richard Hicks, in 1895. Richard Hicks joined the business in 1968 when he was eighteen years old and became a director and shareholder two years later A few years later Richard Hicks took full control of the Company, buying out the other family members The Company changed its name from R. Hicks & Sons Limited to R Hicks & Sons (Wholesale) Limited on 17 December 1992.
The Company traded as a wholesaler and cash and carry outlet for dry goods, chilled and frozen food and since Richard Hicks took control of the Company it has traded from premises at Brimington Road North, Whittington Moor, Chesterfield These premises are owned by R Hicks (Holdings) Limited, the shareholder of the Company.
Under Richard Hicks’ control the Company went from strength to strength opening up export markets around the world. Although the majority of the Company’s business used to be cash and carry, over the last ten to fifteen years there has been a gradual switch to mainly wholesale and delivery to hotels, restaurants and the leisure industry. The reason for this has been increased competition from national cash and carry outlets.
Administrators' statement of proposals (2014-01-31) · Companies House register