Textiles wholesaler Sadaqat Global has entered administration after experiencing sustained cashflow difficulties.
David Shambrook and Anthony Collier, both of specialist business advisory firm FRP, were appointed as Joint Administrators to Sadaqat Global Limited on 5 December 2022.
In a statement, administrators said: “The company suffered sustained cashflow difficulties in recent months and was unable to meet its financial commitments. The Joint Administrators have been unable to resurrect trading of the business and all employees were made redundant on 12 December 2022.”
Administrators added that they are continuing to explore options for dealing with the assets of the business.
Established in 2008, Sadaqat Global is a wholesaler and distributor of household goods, predominantly linens and home textiles. The business operates out of a base in Trafford Park, Manchester, and a satellite warehouse in Blackburn.