Jobs Shock as Isle of Man Wholesaler Goes Into Receivership

Wholesaler H. E. Richards has been placed into receivership, iomtoday.com reported. KPMG has been appointed as the receiver. H.E. Richards of Hills Meadow Industrial Estate, Douglas, employs a total of 28 staff, full and part time. KPMG is following up expressions of interest in the firm. KPMG's Mike Fayle said staff were sent home, but had not been formally laid off. However, he said: 'There's a strong likelihood of this, depending on (the outcome] of expressions of interest.' He added: 'Representatives from Department of Trade and Industry, Department of Health and Social Security and Job Centre all attended the company today and were around to offer advice and assistance to staff.' Read more.