Headquarters of a multinational company based in Sutton has gone into administration - leaving 22 workers redundant.
Caterway, based on Fulwood Road, had supplied the fish and chip shop industry for thirty years but closed due to cash difficulties.
Administrators Chris Stirland and Nathan Jones of FRP Advisory were appointed to Caterway Ltd on 20 March 2015.
The company supplied products such as frying oil, batter mixes, cutlery, fish, pies, chicken and drinks to the takeaway, restaurant and hotel sectors.
Chris Stirland, a partner at FRP Advisory, said: “It is deeply regrettable that a company with over 30 years of trading and a large regional and international customer footprint has had to shut up shop.
“Caterway had come under increased financial pressure in recent years and worked hard to find a viable solution for the business.
“Attempts to seek investment and buyers for the business failed to materialise leaving the directors with no choice but to seek the protection of administration.”
Stirland added that a reduction in cash flow after a short period of trading had “forced” the joint administrators to make its 22-strong workforce redundant.
“As joint administrators our immediate focus will be to assist former staff with the necessary support to submit timely claims to the Redundancy Payments Service,” he added.
“We will continue to market the assets of the businesses to realise all that is possible in the interests of creditors.”
Caterway, formerly known as Suntex Catering Products, was founded and run by the Humphreys family for 70 years before being purchased by Ray and Rob Atkinson in 2007.
It also operated a depot in Leeds and launched a depot outside of Alicante, Spain, in 2012 to serve clients in Benidorm, Murcia, Torrevieja and the surrounding areas.