A WELL-KNOWN company, which had two shops in Seaford, has been placed into liquidatio after it closed both stores a month ago.
Customers were left shocked after electrical retailer C H Seymour Limited in Sutton Park Road and Clear-View in the High Street ceased trading at the end of January.
C H Seymour Limited was also trading as Clear-View and Top of the Town.
Following the closures a meeting took place on February 15 and the company, C H Seymour Limited, was placed into liquidation.
Ian Vickers and Chris Stevens, of FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm with a location in Sussex, were appointed joint liquidators.
Mr Vickers said, “Further to our instruction on January 28 and a review of the company’s finances, due to the extent of its liabilities, it was not feasible to attempt to rescue the company and liquidation was regrettably the only option.
“Following our appointment as joint liquidators to C H Seymour Limited on 15 February 2011, we will now take steps to realise the assets of the company for the benefit of its creditors.”
The closures affected stores in Hailsham, Bexhill and other areas of Sussex were also affected, leaving a total of 48 people redundant.
Gerri Ori, president of the Seaford Chamber of Commerce, said, “It’s a shame, they have been going a long time.
“It’s indicative of where people are buying online unfortunately.
“They both had good after-sale service and I would appeal to the general public to support local shops and buy local.”
Mr Ori, who owns Brooklyn Hyundai, in Seaford, said despite the latest news Seaford was quite buoyant and his business is set to introduce a new showroom which will offer the opportunity for more jobs.