Dear All,
It’s with a heavy heart and great sadness that I have taken the decision to close the doors at LifeStyle AV.
Despite my best efforts the business has become unviable. Buying stock has become almost impossible as dealers are selling the little they do get themselves to pay their own bills, and the number of products out there has shrunk in line with the amount of dealers left. I have huge overheads, and 'doing it properly' leaves no profit any more as the prices are so low and margins so tight.
This in turn has left us with no stock as we’ve just been running through what we did have, paying bills, and simply limping forwards into oblivion. We’re now ‘running on empty’ with no stock apart from old rubbish, so it’s time to get off the ride, close the doors and walk away.
It’s been a truly wonderful 12 years, but B&O has changed – and used B&O has changed also. I’ll still be around, and will always love B&O, but I may be a little quiet of late as I’ve got lots of paperwork to get on with..
I just thought I would be better coming from me as opposed to half-stories and guesses doing the ‘rumour mills'..
Thank You all, and speak soon.
Lee