Domestic Applicance Distributors Limited (DAD) is reported to be in the process of going into administration with a loss of £2.3m.
In a statement, the administrators said: “The administrators are continuing to trade the business while exploring options and invite any interested parties to please get in touch.
“Regrettably, 30 of the company’s 78 employees were made redundant immediately upon the company entering administration. The administrators are supporting these employees through the process.”
The business was acquired in April 2022 when the firm’s founders, the Gillman family, sold the business to an overseas investor.
DAD was founded in 1992 by the Gillman family and saw success that led to a £70m turnover.
Robert Gillman, co-owner of the Gillman Electrical Group, on St Oswalds Road in Gloucester, told Punchline-Gloucester.com: “We sold the DAD business three years and four months ago as a very healthy concern, and it now has absolutely nothing to do with the Gillman family, which is still trading well from Gloucestershire, Herefordshire and Exeter.
“Today is a sad day after all the years that the Gillman family put into the DAD business.”
It is reported that no full accounts from DAD have been filed with Companies House since the takeover in 2022.
A previous version of this article stated that D.A.D “also owned and operated the Montpellier brand.” This is incorrect. Montpellier Domestic Appliances is a stand‑alone business and is not part of D.A.D. in any way. We apologise for the error and any confusion it may have caused.
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