A major UK parcel firm is shutting for good as it crashes into liquidation after 24 years. The company appointed liquidators last week to handle its finances as it began to shut down in a blow to UK households.
Winn & Pepworth has suddenly entered voluntary liquidation. It was directed by Richard Winn and Jacqueline Pepworth, according to Companies House.
The firm is based in Ellesmere Port, Cheshire. Paul W. Barber and Paul Stanley from the insolvency service BTG Begbies Traynor were
The firm, which offers parcel courier services, is based on Risley Road, Warrington.
According to The Gazette, notices to creditors were given on April 2 after the company was placed into members’ voluntary liquidation at the end of last month.
Creditors of the company are required on or before April 24 to send in their names and address, particulars of their debts or claims and the names and addresses of their solicitors (if any) to an appointed liquidator.
Earlier this year, rival Pedal and Post officially appointed liquidators after management shut down the ailing operation in January following nearly 14 years of trading.
Christopher Benton, the chief executive and founder, attributed the company's demise to the loss of a "major client" earlier this year, although he did not disclose who this was.
He further stated: "Despite exploring every possible avenue to continue - and truly exhausting all options - we have reached the point where we can no longer sustain the business.
"We want to take a moment to thank everyone who has supported Pedal and Post over the years.
"Our clients, partners, riders, staff, and the wider community who believed in what we were trying to achieve. Your support meant everything.
"Since our founding, Pedal and Post has worked tirelessly to show that cargo bike deliveries are not just possible, but practical, sustainable and better for cities.
"Over 14 years, we've helped remove countless vans from urban roads, reduced emissions, and shown that a people-powered delivery model can deliver excellent service whilst putting cities first."