Kaboodle Ltd, founded in 2005, announced that insolvency specialists BRI Business Recovery and Insolvency have been appointed to enable the company’s voluntary liquidation.
The kitchen brand offered home appliance supply and installation services for retailers and manufacturers across five depots.
Since opening more than two decades ago, Kaboodle opened facilities in Highbridge, Basingstoke, Stevenage, Telford and Leeds.
UK kitchen firm shuts down with immediate effect
Kaboodle announced its closure with a statement on its website, sharing: “We regret to inform you that Kaboodle Ltd has ceased trading with immediate effect.
“Insolvency Practitioners, BRI Business Recovery and Insolvency, have been instructed to assist in placing the Company into Creditors’ Voluntary Liquidation.
“You will be contacted from them directly in due course in relation to the liquidation process, including details on how to submit a claim for any monies owed, as applicable.”
Adding: “If you currently hold stock with us, please arrange for collection as a matter of urgency.”
Kaboodle then urged customers to collect all stock no later than May 8, sharing: “Please note that after this date, we cannot guarantee access to or availability of your stock, as staff will be leaving the business and control of the premises may pass to the appointed liquidator and/or the landlord.
“Thank you for your prompt attention to this matter.”
Commercial Director at Kaboodle, David Simpson, wrote on LinkedIn confirming the brand’s closure: “I’m sad to formally advise that Kaboodle is to be liquidated as a result of cash constraints.
“My thoughts and appreciation go to all those employees involved in the insolvency – it’s a distressing time for all.
“I’d also like to thank our manufacturing and retail customers for their loyalty.
“We were charged with restructuring the business to dedicate ourselves to the Home Installation market some time ago, meaning that we needed to exit our Housebuilder sector.”
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Former managing director Matthew Pitt at Kaboodle added: “Sad to hear the news about the closure of Kaboodle today.
“It’s very disappointing to see a business with strong foundations end up in this position.
“There are a lot of talented people affected, and I hope they’re supported through what will be a difficult period.”
Did you ever use Kaboodle? Let us know your thoughts in the comments.
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