Buyer found for collapsed electrical firm Bennetts
A buyer has been found for some of the assets of electrical firm Bennetts, which collapsed earlier in the month with the loss of 228 jobs.
Parts of the Norwich-based firm are being bought by Hughes Electrical which is based in Lowestoft, Suffolk.
Hughes will reopen six of the 16 Bennetts stores and its online operation, taking on 100 staff.
Former members of staff at Bennetts are being invited to apply for the jobs, administrator PKF said.
The stores due to reopen are in Norwich, Cromer and Dereham in Norfolk, Martlesham Heath in Suffolk, Colchester, and Farnham in Surrey.
Hughes managing director Robert Hughes said: "Bennetts tend to operate larger stores in out-of-town locations and are price driven.
"Hughes operates smaller stores in High Street locations where high levels of customer service and advice are paramount.
"The Bennetts stores to be reopened have successfully co-existed with our own and there is every reason to believe this will continue."
Matt Howard, joint administrator and corporate recovery partner at PKF, said: "We are delighted that we have been able to rescue part of the business and find a buyer in such a short period of time.
"It is regrettable that we have had to make redundancies but that was due to a lack of cash available.
"We are very confident that the Bennetts name will trade well from these reopened stores and wish them every success."
Bennetts had blamed competition from online retailers and increases in rents for its collapse.