Anglo Overseas, one of the world’s major wine shippers and wine logistics companies, has gone into administration.
Administrators Vantis Business Recovery Services, appointed on 16 January, said the company’s European parent, Ziegler Group, is not affected.
Anglo Overseas Limited has 15 sites across the UK, with a head office in West Thurrock. It has two bonded warehouses, including ‘what is probably the second-largest bonded warehouse in London’, Vantis said.
The business was forced into insolvency following a prolonged period of exceptionally difficult trading conditions, a statement said. Seventy of the company’s 210-strong workforce have been laid off.
Glyn Mummery of Vantis said, ‘Anglo Overseas Limited has a great deal of heritage and is highly respected in the marketplace. We are working closely with the management team to assess the opportunities to rescue all or parts of the business.’
Written by decanter.com staff