FDMB North West has learned that healthy eating chain Kettlebell Kitchen has gone into liquidation and has ceased trading, with bosses citing the reason that a number of their outlets becoming ‘unprofitable’.
The company, which was founded in Manchester in 2017 by Carley Jones, is said to have been in financial difficulty for more than six months.
A statement from Kettlebell Kitchen said: “The company is entering liquidation due to a number of stores trading unprofitably, impacting cash flow and ultimately having a material negative effect on the rest of the business.
“The company had secured funding previously in order to meet wage payments and it was hoped the same would be possible on this occasion.
“Regrettably it was not possible and the company deeply regrets the affect this may have to staff and creditors.
“The company is Carley’s passion and she is devastated by events which have spiralled beyond her control.
“She has worked tirelessly since the company’s formation and remains committed to helping find a solution which will see the company through its current problems and minimise the impact to all stakeholders of the business.
“Staff were informed on Friday as it became clear, despite best efforts to find alternative funding, that the company had exhausted all available options and no additional funds would help us bridge the gaps with payments due to staff, creditors and HMRC.
“The company has faced financial difficulty for over half a year now and Carley has done all she can to keep staff employed and protected from those issues.
“Regrettably, this time it was not possible and the company deeply regrets the affect this may have to staff and creditors.”
Image Credit: www.kettlebellkitchen.co.uk