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Crunch-Busting Site Opens for Business

Internet start up business XS Supplies Ltd announces the launch of its e-commerce and auction site. is the no frills, on line, trade only auction site, dedicated to helping UK based Electrical wholesalers, Electrical Distributors and Cable Distributors, sell their unwanted or excess stock within the UK and abroad.

With a shrinking UK economy and the house building trade in some disarray, a huge number of Electrical Wholesalers & Cable distributors are struggling to predict ongoing demand and to sell through products as they normally would in predictable volumes.

Planning stock requirements has now become a nightmare for many companies, as too has the backlog of excess stock sitting on the shelf tying up much needed cash - That is where fits in as the perfect answer to the problem.

xs supplies is a totally anonymous way for wholesalers and distributors to sell unwanted or excess stock, allowing stock to be moved freely around the market from Wholesaler to Wholesaler or from Wholesaler to Trade End User.

It is free to register and list stock on the xs supplies site. Once the seller is registered, xs supplies works with them to decide the bottom price they will accept for the lines they want to sell. xs-supplies then lists that stock on line, under 3 different options to help sell it on 1) Buy Now - where a bid at the asking price wins the stock. 2) Auction – where the buyer can bid and wait. 3) Make me an offer – where the buyer can make an offer to take the stock at a given price that is then submitted to the seller for approval.

xs supplies runs the Pay-Pal secure payment facility on the site and all payments are made by Debit or Credit Card. Once a sale has been made, the seller is notified and sends their stock to the xs supplies UK based distribution hub. xs supplies in turn send the goods on to the buyer, charging a delivery fee to cover the cost of distribution and then release the cash to the seller once the goods have been delivered.

From a buyers perspective, xs supplies already has over 1500 lots (over £500k of stock) for sale at rock bottom prices across a wide range of cable, cable accessories and security equipment. More stock and product categories are being added all the time, as more and more stock files are being offered for sale.

xs supplies is committed to providing quality goods. Sellers are required to warrant that the goods being offered for sale meet the relevant regulatory requirements, are not second hand and are fit for resale. Buyers can therefore also be confident that the goods they are buying are not faulty, damaged, or sub-standard.

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Electrical Products