The directors of a liquidated Harrogate-based catering equipment dealer are to begin trading under the same name after special dispensation was granted under the Insolvency Act.
Hale Investments was put into creditors’ voluntary liquidation on 17 September 2019, with directors listed as John Partridge and Milena Winfield.
Having been established in 1999, the business entered the commercial kitchen project market in 2011 trading as Commercial Kitchen Design (CKD). Latterly, it also traded as a distributor of related products under the brand ‘CaterTrade’.
David Broadbent and Michael Jenkins of Begbies Traynor were appointed as the joint liquidators of Hale Investments.
The insolvency specialists told Catering Insight: “The company failed due to bad debts and contract disputes, exacerbated by a lack of confirmed future orders and a general decline in the wholesale business.”
Hale Investment’s statement of affairs on Companies House shows that the former dealer accrued nearly £198k in debts. Major creditors included Electrolux Professional, LeighTech Systems, MEC Europe and MKN.
However, last week Partridge and Winfield were approved to ‘re-use a prohibited name’ after establishing a firm called Lister House Ventures, with the intention to once again use the Commercial Kitchen Design and CaterTrade trading names.
Begbies Traynor confirmed: “One of the directors has set up a new company, which has purchased certain assets from the liquidators. Following legal advice, the director intends to use the same trading names as the company for the new venture and was required under insolvency legislation to advertise a notice in relation to this.”
The Commercial Kitchen Design website currently has a holding page, while the CaterTrade site is offline at this time.