Banbury-based supplier of marble and glass dining and occasional furniture Exclusive (UK) Ltd ceased trading last month. According to MD Reg Pangali, the decision to wind up the company was principally based on the uncertain economic climate.
“The Brexit vote was a massive contributor to the uncertainty in the market,” says Reg, “and the pound getting weaker against the $US was making buying more expensive. Unfortunately, retailers large and small were not prepared to accept the increases, so it was better for us to quit while we were ahead.
“I have done this for 20 years and built a great business, and I’m very proud of what I have achieved – but it’s time to move on to another chapter in my life. I have met and worked with some great people, and appreciate everything they’ve done – I want to thank our loyal customers, and I wish everyone the best of luck.”
Where possible, existing orders were fulfilled prior to the company’s closure.