Oldham-based Euro Catering Parts has appointed liquidators following a general meeting of creditors on 29 January.
Insolvency practitioner Leonard Curtis has been named as the liquidator and will now oversee the winding up process.
Early last year, Euro Catering Parts changed its management structure, with local entrepreneur Joe Murray, founder of the Precision 21 Group – a group of companies involved in engineering and instrumentation – taking over as MD from Nick Hughes, who joined competitor GEV as UK sales director.
At the time, Murray told Catering Insight that the company had “struggled for several years, returning disappointing results”, adding: “We intend to get the business back to being one of the market leaders.”
One of his first actions was to bring back Neil Donohue as operations director, but he left after 7 months in the post. Companies House records his directorship as being terminated on 11 September 2015.
Last March, Donohue said of the company’s situation: “It will not be easy and it will take some time to sort things out, but the core business is good and I’m really looking forward to beginning the turnaround. We have the backing of the Precision 21 Group and we have already identified new opportunities.”
Euro Catering Parts has not made any comment on the factors that have forced the business into liquidation. However, a source with knowledge of the situation claimed to Catering Insight that the company had not increased its stock levels sufficiently, which had a “drastic effect” on sales and customer relationships.
Visitors to the company’s website are currently greeted with the message that essential maintenance is being carried out on the site.
Companies House data shows that Euro Catering Parts’ name was changed to Europa Service & Spares Ltd at the beginning of January. The headquarters address was also updated from Oldham to St Helens, Merseyside.
It is important to note that this business has absolutely no connection to the similarly-named Uropa-Service, which is the installation and maintenance arm of Nisbets.
Catering Insight contacted Murray but he was unable to comment at this point until proceedings have been finalised.