UK supplier with global links collapses into liquidation

Based in Des Roches Square in Witney, procurement firm Beacon International Trading Limited appointed liquidators Rob Keyes and David Taylor – both of KRE Corporate Recovery Limited – on Friday, April 24.

This followed a decision by shareholders, passed on the same day, to wind up the company which was founded in 2022.

READ MORE: Owner of pubs across Oxfordshire reveals sale of over 100 UK boozers

On its website Beacon said it had established itself as a “trusted global partner for wholesale procurement and supply chain solutions”.

It added: “We specialise in sourcing the exact products our clients need, securing reliable supply channels, and delivering to any destination worldwide.

“Our strength lies in our extensive network of international partners and long-standing industry relationships, which allow us to procure thousands of products across multiple sectors.”

This included agricultural machinery, arable farming supplies, and livestock procurement, with the business boasting experience in the USA, Canada, Australia, Africa, and Europe.

READ MORE: Cotswolds manor estate popular with stag and hen parties up for £5.75m sale

The business and its appointed liquidators have been approached for more information about its collapse with it most recent financial statement reporting creditors of £579,795 falling within a year.

This was for the year ended August 31, 2024 at which time it had four employees on its books and reported a total equity of £256,161.

Those financial statements were unaudited and since then two of the directors of the company have resigned.