More than 40 jobs have been lost after Aberdeen-based King Foods, a supplier of fresh fish products, dry goods and meat to hotel and retail catering outlets ceased trading.
The company, founded in 1994 and led by John King and his two sons, had experienced adverse trading for a number of years due to increased competition and cost price inflation.
This has been exacerbated by the wider challenges faced by hospitality and catering companies across the country.
Losses and cash flow pressure forced the directors of Foodstore, trading as King Foods, to call in administrators.
Geoff Jacobs and Alistair McAlinden from Interpath have made the company’s 41 staff redundant.
Mr Jacobs said: “Significant headwinds continue to impact companies operating up and down the food and drink supply chain, including rising costs which place pressure on margins.
“This is resulting in many business owners seeking support and assessing options which we would encourage them to do proactively.
“We will now commence the process of marketing the company’s business and assets, including its fitted cold storage facility in Aberdeen, its vehicle fleet and other properties.”
Mr McAlinden added: “As a priority, we will be extending support to King Foods’ employees who have sadly been impacted by redundancy.”
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