Liverpool-based Chinese cash and carry company Dale Group has called in
administrator in a bid to sell the operations which comprise CWTL Limited, Dales
Group Limited and China Gate Limited, following the firm’s appointment as
administrator of Oriental Food Service Limited, a fourth company in the group on
The group, which employs 100 people and has a turnover of £30m, operates two
Chinese cash and carries in Liverpool, together with warehousing and
distribution facilities at a third site in Liverpool and also in Blackpool.
Paul Dumbell, joint administrator and a KPMG Restructuring director, said the
group would continue to trade with a view to achieve a going concern sale.
‘We would urge any parties who may be interested in acquiring the business to
contact us as soon as possible,’ he said.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton