Anglo Overseas Limited has 15 sites across the UK, including two bonded warehouses, with a head office in West Thurrock.
The business was forced into insolvency following a prolonged period of exceptionally difficult trading conditions. The company recently entered into a comprise agreement with HM Revenue & Customs regarding a VAT fraud which, as it was acknowledged, was not the fault of the company or its staff. This, compounded with cash flow restrictions, has resulted in the withdrawal of group support culminating in the appointment of administrators.
As a part of immediate cost-cutting measures, unfortunately 70 of the company’s 210 staff have had to be made redundant.