Beta Distribution Goes Into Administration

Beta Distribution Logo

Office Supplies Blog has recently learned that UK based EOS and IT distributor Beta Distribution has gone into administration.

Their entry into the administration process comes following concerns being raised that the firm was experiencing several issues related to credit insurance. Their sustainability was also brought into question following these issues and has led to the unfortunate redundancy of most Beta’s staff once administrators were called in to handle company matters.

Official Company Comments

Beta Distribution’s entry into administration was confirmed amidst earlier rumours that the company was about to start the administration process. Official comments from the company’s website read as:

“Clare Boardman and Richard Michael Hawes were appointed joint administrators of Beta Distribution Plc, Beta Distribution Employee Services LLP, Beta Services (UK) Limited, The Content Wall Limited (“the Companies”) on 15 October 2018. The affairs, business and property of the Companies are managed by the Joint Administrators. The Joint Administrators act as agents of the Companies and contract without personal liability. All Insolvency Practitioners of Deloitte LLP are licensed in the UK. At present, no new customer orders are being accepted. Further information will be provided in due course.”

Recent Annual Accounts from Beta Distribution

From what is publicly available at this time, Beta’s annual accounts state that for the 12 months ending 31st March 2017, the company reported overall sales of £186 million. The reports also show that Beta made a pre-tax profit of £1.2 million. These figures follow a limited success venture by the company in order to attempt to gain a share of the UK stationery wholesale market back in 2013.

CEO of SPOT, Jeff Whiteway gave his remarks on the matter, explaining that the wholesaler Spicers had “only tentatively” started to do business again with Beta, adding that they had “numerous and existing alternative options in place” before further commenting:

“Beta’s administration does underline how quickly things can go wrong in these high-turnover, low-margin cash-play businesses”

The administration process of Beta Distribution is now officially underway as of Monday 15th October. It is currently unknown as to what may happen to the business and its assets during this time.

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Sam Rose