Wholesalers across the UK have been feeling the effects of retail and restaurant closures. When a large company goes out of business, it has a “domino effect”, and can cause severe issues to a lot of smaller companies.
The wholesale sector generally operates with low-margins. Many firms have an over-reliance on a single supplier or customer, which can have a disproportionate effect once any difficulties arise.
Clarke Bell have extensive experience dealing with companies who have suffered as a consequence of other companies going into liquidation.