Cheshire-based catering equipment distributor Crestcode, trading under the name CaterTrader, has been placed into liquidation.
Insolvency firm, BV Corporate Recovery & Insolvency Services, convened a meeting of the distributor’s shareholders on 18 August, the result of which being that the company will be wound up voluntarily.
Derek Stevens is recorded as the director of the firm, with Angela Stevens as the company secretary.
A message on the firm’s website, catertrader.com, reads: “CaterTrader has ceased trading. We appreciate your custom and apologise for any inconvenience.”
Catering Insight spoke to Mr Stevens, who explained: "I am retiring from the catering equipment trade because it is not the same business. The growth of the ‘box shifters’ means that small distributors who give good service just can’t make it pay anymore."
He detailed that the original plan was to cease trading at the end of September, but the insolvency practitioners advised that it would be more practical to finish at the end of the firm’s financial year, and the winding up procedures were put in motion within 2 weeks.
Stevens said that he tried to sell the business but had no interested buyers, and that the liquidators are trying to ensure that all suppliers will be paid. "Our long-standing, regular customers are very sad that we are closing," he commented. "We’ve had to refuse orders and there will soon be an online fire sale to sell the last of our stock."
The company was established in Knutsford in 1986, before later moving to Congleton. Its original core range of products was dishwasher detergents, cleaning products and disposables.
In 1990 it extended its range to include catering equipment, which then grew into a kitchen planning service, offering bespoke design for kitchen re-fits and front of house serveries. Catering supplies comprised kitchen appliances, crockery, cutlery, oven to tableware, storage solutions and beverage and bar equipment.
Orders were placed either by phone or on the firm’s website, with free delivery offered for purchases over £50. Delivery from the firm’s Cheshire-based warehouse was said to usually take between 24-48 hours.
Its customer base included schools, restaurants, golf clubs, community and church halls and wedding venues.