25 January 2007 — London (UK): Jet UK is believed to be going into administration.
In 2005 the company was subject to a management buyout. At the time, the company’s former owners Peter and Michael Mines took lesser roles and were replaced by then operations director Chris Manley and financial controller Graham Nolan. Latest reports suggest the Surrey Quays firm is to fall into the hands of administrators.
Founded in 1966, the company performs the majority of its sales in the UK, offering 1,800 SKUs.
Jet UK said it would release a statement to OPI when more details are known. More to follow…