Global confirms liquidation with over £500,000 debts

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

Reading-based distributor, Global Foodservice Equipment, has now officially entered liquidation, following a company general meeting held in Milton Keynes on 29 January.

A notification posted to the London Gazette website stated: “The following resolutions were duly passed as a special and an ordinary resolution respectively: that the company be wound up voluntarily and that Timothy Dolder and Colin Wilson both of Opus Restructuring, Milton Keynes, are hereby appointed joint liquidators of the company for the purposes of the winding-up.”

At the subsequent meeting of creditors held at the same place on the same date, the resolutions were ratified.

Story continues below

Simultaneously, the dealer’s statement of affairs was posted on its Companies House file. This revealed that the firm accrued £527,425.50 of debts.

Trade creditors were headed by Steelite International, which is collectively owed over £77,000, followed by Neville’s with nearly £65,000 and Utopia Tableware with more than £50,000, while the debt to Churchill China stands at nearly £25,000.

On the heavy equipment side of things, creditors in double figures included Rational, Lincat and Foster.

Catering Insight spoke to Global’s MD, Mike McDonald, who indicated that he and the liquidators are attempting to settle the debts as best they can through methods including return of stock and retention of title.

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 : dealerdistributorglobal foodservice equipmentinsolvencyliquidationout of business
Clare Nicholls

The author Clare Nicholls

Leave a Response

Protected with IP Blacklist CloudIP Blacklist Cloud