Cheshire-based cash and carry supplier, D amp;D Wines International has gone into administration.
The Features > Business, in operation since 1973, mainly supplies wines to UK supermarkets and the cash and carry sector. It is thought that the business was fundamentally sound but facing cash-flow problems. Twelve of the company’s 27 staff have been made redundant.
D amp;D Wines sells more than 600 wines from 25 wineries in 10 countries – including own and exclusive labels, and handles agencies for several major brands including Luis Felipe Edwards from Chile; La Gioiosa from Veneto in Italy and Bodegas Muriel from Rioja.
Insolvency practitioner Christopher Ratten from RSM Tenon Recovery was called in on Friday, 20th April. At the time of writing, no details about creditors or monies owed had been made public.
RSM Tenon said that administrators were currently on site at the firm’s Knutsford office “creating a strategy for the administration” and is believed to be looking for a buyer for the business as part of this strategy.
A formal notice to all creditors will be sent out during the week.