BREAKING NEWS: Global FSE begins liquidation proceedings

Global FSE catalogue crop
Global FSE supplied over 15,000 product lines.

Reading-based distributor Global Foodservice Equipment has initiated the liquidation process for the business.

A notice posted today on the London Gazette website stated that Timothy Dolder and Colin Wilson of Milton Keynes-headquartered insolvency specialist Opus Restructuring have initially been proposed as joint liquidators of the company, with the final decision due on 29 January.

The posting detailed: “A meeting of shareholders has been called and will be held prior to 23.59 hours on 29 January 2020, the decision date for the deemed consent.”

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“In order to object to the proposed decision, you must deliver a notice stating that to the proposed joint liquidators of Global Foodservice Equipment, Opus Restructuring, not later than 23.59 hours on 29 January 2020. In addition, you must have also delivered a proof of debt by the decision date, failing which your objection will be disregarded.”

Opus has been instructed to start procedures for placing the company in creditors’ voluntary liquidation, and a creditors’ report will be issued subsequent to a final outcome.

Catering Insight contacted Opus and was informed that it cannot make a formal statement until Global FSE’s shareholder meeting has taken place.

Elsewhere, one of the distributor’s ex-employees posted on LinkedIn that all staff had been made redundant. Catering Insight attempted to contact Global FSE’s MD, Mike McDonald, to clarify the situation, but has not been able to reach him as yet.

The distributor’s website is displaying the message: “This site is currently under maintenance and unable to take orders at present.” Plus the company’s main phone line is not being manned at this time.

McDonald established the dealership in 2000, following a stint at the nearby Lockhart Catering Equipment as sales director between 1990 and 1999.

Global FSE supplied both light and capital equipment but with a particular focus on the lighter end, as well as offering kitchen design and installation services.

Over 15,000 product lines were available online, with brands including GenWare, Churchill, Elia, Hamilton Beach and Pujadas.

Tags : businessdealerdistributorglobal foodservice equipmentinsolvencyliquidation
Clare Nicholls

The author Clare Nicholls

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