News no image

Published on January 20th, 2009 | by James

0

Another firm bites the dust. Empire Direct in Administration

empire-direct Well it looks like another firm has suffered from the economic downturn. This time Empire Direct. I am quite surprised as I always thought they were quite a popular but apparently poor Christmas sales have left them with not enough cash to buy new stock.

With turnover of £152m, the company had bank overdrafts of £10.9m at its year end in March last year.

Empire Direct, which is 25 years old and was run and part-owned by Madan Showan, had 14 stores which have now been closed, as well as a large website.

Tags: , ,


About the Author

I am a UK tech blogger and have been in the industry for over 5 years now running Mighty Gadget, its sister sites and contributing to other sites around the web.



Comments are closed.

Back to Top ↑
  • Mighty Gadget on Facebook

  • Categories

  • Best Reviews