George Lafferty of BTG was appointed provisional liquidator of Enterprise Foods Limited by Hamilton Sheriff Court on 18 March, after a petition by the company.
The 35-year established Scottish wholesale food supplier “enterted liquidation after failing to refinance debts of more than £5m”.
The business, which was based at Reynolds Avenue in East Kilbride and traded as Localist, was a food service business that helped numerous Scottish suppliers, producers and farmers to sell goods to major retail and food service customers.
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The company had experienced ongoing cash flow difficulties that were built up in recent years by legacy bad debts from the failure of a number of customers, and were exacerbated by…