Search

Hopkins goes into administration



Leeds-based dealer Hopkins Catering Equipment is now in the hands of administrators after being forced to close its doors yesterday.

Local restructuring and advisory service Geoffrey Martin & Co will be handling the business’s closure process.

MD Victoria Hopkins said: “This situation came about because of a multitude of reasons. The trading environment has not been great, especially in the fish and chip sector.

“Thanks to the harsh winter and hot summer, potato crops have been affected and costs have risen for fish and chip outlets, most of which are small, lifestyle businesses. Therefore they have been reluctant to place orders for equipment.

“The online trade is also very competitive, with small margins. We did have a healthy orderbook but unfortunately we hit a cash flow wall.”

Victoria detailed that she tried to put the family business up for sale as a going concern, but could not find a buyer.

The company had celebrated 60 years in business last year. 

0 views

Subscribe to Our Newsletter

  • White Facebook Icon

Fry Magazine Limited

196a Petts Wood Road

Orpington

BR5 1LG

© 2019 by Serena Pybus. www.frymagazine.com