Corporate Consumables LTD has ceased trading
January 2, 2018
The company made the announcement via their official website, explaining that its current state was “unsustainable as a business”.
Corporate Consumables, one of New Zealand’s larger office products suppliers, has ceased trading, releasing the following statement on the company website:
“Corporate Consumables Ltd ceased trading as of 12.00pm on Friday the 22nd of December.
Unfortunately, a number of factors have combined to create a situation where Corporate Consumables in its current state is unsustainable as a business. The decision to cease trading is not a decision that has been taken lightly. Over the last 12 months the Directors, management and their advisors have explored every possible option to keep the company trading and return it to profitability.
We will be proactively managing any outstanding business from the 8th January 2018, to ensure the orderly wind down of the company.
We have very much valued the relationship and support all our customers and suppliers have provided Corporate Consumables over the years. The Directors and management of Corporate Consumables would like to thank you for your business and wish you all every success in your future endeavours.”
According to Stuff, an industry source has revealed that Corporate Consumables, a Wellington-based company which has been in business for 27 years, “employed about 50 staff and had an annual turnover of about $30 million (€17.689 million).”
As well as its Wellington office, it also had branches in Auckland, Nelson, Dunedin, Taraunga and Christchurch. The decision to stop trading “may have wider implications in a sector which is still reeling” from the well-publicised accounting scandal at Fuji Xerox NZ.
Categories : Around the Industry
