I wondered what had happened to the bathroom fixtures and fittings corporation, Longmead. I can remember them being a big player in the bathroom furniture industry for a while. Indeed, my grandparents even had a Longmead deluxe heated towel rail in their bathroom at one point. So what became of them?
I found an article in the Guardian from 2008 to say that the company had gone into administration. Cue the smart comments about Longmead 'flushing' away all their profits and going 'down the pan'.
I read an article back in 2000 that seemed to suggest the bathroom furniture company was actually doing quite well. It had just purchased stock and gained a large customer base from Bathrooms direct and was going to be responsible for procuring metal and other material from the South East Asia. The ranges of products it had bought were high quality chrome and gold fixtures and Longmead looked set to go from strength to strength.
However by 2008, Longmead owed £800,000 to HSBC and was valued at under £400,000. Longmead was a huge supplier of bathroom furniture and accessories to a wide-range of well known DIY stores and furniture shops. One factor cited as a major reason for Longmead's financial difficulties was Homebase deciding to import its stock from overseas.
I found an article in the Guardian from 2008 to say that the company had gone into administration. Cue the smart comments about Longmead 'flushing' away all their profits and going 'down the pan'.
I read an article back in 2000 that seemed to suggest the bathroom furniture company was actually doing quite well. It had just purchased stock and gained a large customer base from Bathrooms direct and was going to be responsible for procuring metal and other material from the South East Asia. The ranges of products it had bought were high quality chrome and gold fixtures and Longmead looked set to go from strength to strength.
However by 2008, Longmead owed £800,000 to HSBC and was valued at under £400,000. Longmead was a huge supplier of bathroom furniture and accessories to a wide-range of well known DIY stores and furniture shops. One factor cited as a major reason for Longmead's financial difficulties was Homebase deciding to import its stock from overseas.