Lee Longlands in administration
Six store furniture and flooring chain Lee Longlands has gone into administration, with the company blaming the coronavirus shutdown.
The company, which has stores in Birmingham, Leamington Spa, Kidderminster, Abingdon, Derby and Cheltenham, has appointed Duff & Phelps as administrator.
‘Lee Longlands is a household name across the Midlands and has a fantastic reputation for quality and service. It is a long-standing profitable business and the fact that the appointment of administrators has been necessary, demonstrates the devastating financial impact that this pandemic will leave in its wake,’ says Matt Ingram, joint administrator.
‘This is a firm with a sound financial proposition. Being unable to trade for almost three months has severely disrupted its working capital cycle but working with management and with the support of the company’s suppliers, we will be focusing on restructuring its cash flow and exiting the administration period as soon as possible.’
Following the administration, the stores will re-open and customers awaiting deliveries are being told that their orders will be fulfilled, and the company will now start booking delivery dates and will be complying with social distancing rules.
‘For almost 120 years our family business and our employees have put our customers at the heart of everything we do. That will not change. We are very much open for business as usual and our customers can be assured, we will continue to give them the highest levels of service as we restore our short-term finances and get back to work. Now that the coronavirus restrictions are being eased and we can begin to operate again, we are working extremely hard, under the highest level of safety standards, to start deliveries again for all our customers and get our showrooms open so that the public can once again furnish their homes with our fantastic quality products,’ says Robert Lee, Lee Longlands md.