A UK agricultural firm has entered liquidation after 4 years in enterprise followjng a choice by shareholders.
An agricultural agency has gone bust (Picture: Getty)
A UK agricultural firm has plunged into liquidation after solely being in enterprise for 4 years. Based in 2022, it’s the finish of the street for the corporate after shareholders determined to wind up the enterprise. Beacon Worldwide Buying and selling Restricted, which relies in Des Roches Sq. in Witney, Oxfordshire, entered administration on April 24, 2026, an official discover within the London Gazette revealed. Rob Keyes and David Taylor, each of KRE Company Restoration Restricted, had been appointed as joint liquidators.
The corporate entered Collectors’ Voluntary Liquidation, which is a course of used when a enterprise is bancrupt and can’t repay its money owed, so its shareholders voluntarily determine to wind it up and dump its property to repay money owed. 75% of shareholders should comply with the transfer earlier than the method can start. It comes as many companies, from building companies to furnishings producers, enter tough buying and selling intervals and endure the consequences of excessive power payments and elevated materials and provide prices.
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Beacon Worldwide Buying and selling Restricted describes itself as “a trusted international associate for wholesale procurement and provide chain options”. It provided a spread of issues to its shoppers within the agriculture sector, similar to tractors, first assist provides and agricultural equipment.
The corporate’s web site states: “Our power lies in our in depth community of worldwide companions and long-standing business relationships, which permit us to obtain hundreds of merchandise throughout a number of sectors – with a specific concentrate on agricultural equipment, arable farming provides, and livestock procurement.”
Earlier than getting into liquidation, the corporate had expertise in a number of worldwide markets, together with the US, Canada and Australia.
“That the Firm be wound up voluntarily and that Rob Keyes (IP No. 008841) and David Taylor (IP No. 13790) each of KRE Company Restoration Restricted, Unit 8, The Aquarium, 1-7 King Avenue, Studying, RG1 2AN are hereby appointed Joint Liquidators for the aim of the winding up.”
The enterprise’s most up-to-date monetary assertion reported collectors of £579,795 falling inside a 12 months, reviews the South West Farmer.
The liquidators for the corporate have been contacted for remark.
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