Online dealer enters administration due to “current economic climate”

Credit: Google maps.

Online dealer Shop-Equip has gone into administration. The Mansfield-based firm pointed to “the current economic climate” as the catalyst for the move.

A statement on Shop-Equip’s website says: “Unfortunately, the current economic climate has taken another casualty.

“It is with the deepest regret that the long established Shop-Equip Limited has now been placed in Administration.

“Should you have any difficulties with your commercial equipment, please contact the manufacturer / wholesaler direct.”

The business was established in 1989 as a regional retail equipment supplier evolving into a major distributor of commercial catering equipment, commercial refrigeration, retail equipment and shopfitting supplies.

The firm’s last annual report stated: “2017 was a very challenging year with sales growth in excess of 39% but with a detrimental impact on margin alongside increased advertising spend resulted in only a small increase in profit before tax. The catering and commercial refrigeration equipment industry continues to be aggressively competitive with online resellers competing at low margins.”