Stax changes status as it prepares for future growth

A leading independent UK wholesale and cash and carry operator that serves the electrical sector has announced a change of status as it prepares for future growth. The Stax business has been re-registered as a Private Limited Company and will now be known as Stax Trade Centres Ltd.

“This is a significant move for the company as it frees the business from some of the constraints that came with our previous status as a Public Limited Company,” explains joint managing director David Hibbert. “The PLC status has been appropriate for us over the past 22 years, but the company has grown consistently to the point where it is now time for a change that will provide us with the freedom we need to continue that growth. We have ambitious plans to grow the business and we need to ensure that we have the correct framework in place to implement those plans.”

He adds that the change will provide Stax with greater flexibility and enable the company to have more direct control over the ways in which it responds to customers’ needs.

“We’ll be able to respond more rapidly to our customers, and to concentrate more closely on improving the levels of service and support they’ve come to expect from us. Although our company number will not change, there will be a reduction in both the regulatory requirements that apply to the business and the associated costs, and that will allow us to ensure that our pricing remains extremely competitive,” he concludes.

Stax has been supplying to independent retailers and trade professionals for over 35 years. It currently supplies 50,000 businesses across the UK on a cash & carry wholesale basis. Its six UK depots offer over 45,000 product lines which cover many different sectors, including electrical & lighting, plumbing and heating, kitchens, bathrooms, decorating and homewares.