Leeds catering distribution firm enters administration as coronavirus takes its toll
A Yorkshire catering equipment distributor has announced that all 25 members of staff have been made redundant as it enters administration.
YCE Catering Equipment, based in Leeds, has gone into administration following several weeks of negotiations and attempts to find a buyer for the company.
The business has made all 25 members of its staff redundant has has stopped trading effective immediately.
It said that its financial difficulties were “largely” caused by the impact of coronavirus, but that it had also experienced a “slower than expected” 2019.
Nick Brassett, managing director, commented: “Following weeks of negotiations it is with a heavy heart that the administrators have been called in.
“A slower than expected 2019, compounded by the devastating effect of Covid-19 led to a significant loss of revenue which, in the current climate, the business couldn’t recover from.
“We are devastated for our suppliers and our customers but particularly our team, many of whom have been with us their entire careers.
“We tried very hard to forge a way through these unprecedented times, but unfortunately without success.
“We’d like to thank everyone who has supported us throughout this process and worked with us during these last 40 years.”
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