UK distributor Unearthed Sounds to close

To all current clients of Unearthed Sounds, There is no easy way to say this. It's with deep regret that we announce the closure of Unearthed Sounds as of July 31st, 2023. This isn't a decision we have made lightly, but after many months of internal discussions, planning meetings and external consultations, we've reached the conclusion that there's no way this business can continue in the present financial climate. This industry, like many others, has been impacted over the last three years by the Covid-19 pandemic, Brexit and the cost-of-living crisis. Please understand, it's important to note that we have NOT been placed into receivership, this is a voluntary decision and the business will operate as normal until the end of the month. All stock that is owned by you will be available to collect or to be sent to you. If you have costs against your account then this will need to be cleared in full prior to arranging any stock moving from Unearthed Warehouse. Statements are due out on July 15th as normal and we will be happy to continue to offer out your records for sale until July 31st. Digital distribution (and wider availability of services) will continue operating via Jon W. See below for more info. Covid-19: Obviously, the pandemic had a significant impact on the music industry, including the closure of venues, cancellation of events and reduced music sales. We faced difficulties due to the disruption caused by lockdown measures and restrictions on staffing. Although we managed to continue trading through this period, it was very difficult to manage staff and vinyl deliveries. The upshot was it left us in a situation where our cashflow was eaten up by many thousands of records getting delivered all at once, when we were expecting them to be staggered over the best part of a year. Brexit: While avoiding turning this statement into a monologue about Brexit, I think anybody reading this will realise how it must have impacted a business that imports the vast majority of its stock from Europe, and also has many end users there. The uncertainties and changes in trade agreements affecting supply chains and increased costs for us, while also leading to a loss of sales due to exports being down. Cost-of-living crisis: The last straw for us. When the cost of living rises, individuals have less disposable income available for non-essential purchases like vinyl. Retailers and distributors alike face challenges in convincing consumers that the value of and experience of physical media justify the price. Unfortunately, as shops feel the pinch, so do we. It's important to recognise that these challenges aren't unique to Unearthed Sounds, but have affected various players in the music industry, and indeed the business community as a whole. Despite the closure of Unearthed Sounds, we hope the music community continues to evolve and find ways to connect artists, labels and music enjoyers. We will miss you all. It's been a hell of a ride. Matt Harwood and everyone at Unearthed Sounds.