WaverleyTBS Limited, one of the UK’s largest wholesalers and distributors of alcoholic and soft drinks, has gone into administration.
Daniel Butters and William Dawson, partners at Deloitte, have been appointed joint administrators.
The company is based in Chesterfield, Derbyshire, and employs some 830 staff at 18 sites across the UK.
The joint administrators intend to continue to trade the company while attempting to find a buyer for the business.
Daniel Butters said: “WaverleyTBS is a prominent business within its industry and we are in negotiations with a number of interested parties who are keen to acquire the company.
“The company has a committed workforce and a strong customer network across the UK, supplying to a large proportion of both national and free trade beverage retailers across the country.”