THE INTERNET and supermarkets were to blame for the demise of electrical retailer Yates & Greenhough, according to the company handling the liquidation of the Boston-based firm.
As first revealed on www.bostonstandard.co.uk last week, the 40-year-old business, which had a store in Emery Lane, ceased trading on Friday, with the loss of 15 jobs.
John Russell and Andy Wood from The P&A Partnership were instructed to place Yates & Greenhough Limited into liquidation and Mr Wood said: “The business could no longer compete with internet sites and supermarkets selling discounted electrical goods.
“It is a sad day for Boston and the surrounding area that such a long established name as Yates & Greenhough Limited will no longer be able to serve the local community with a high level of personal and quality service.”
The firm had closed shops in Horncastle and Skegness to concentrate on branches in Boston and Spilsby.
Mr Wood added: “The directors did all they could to turn the business round.
“Unfortunately it is another High Street retail casualty caused by the evolution of how we prefer as a society to shop online and at the larger supermarkets, rather than pay a little extra and support local independents.”
The P&A Partnership is a specialist business turnaround and insolvency firm with offices across the UK.