Buyers are being sought for the assets of an agricultural and equine supplies business in Lancashire.
Lindley Pate Ltd, which is based in Gisburn, on the Lancashire/Yorkshire border, has been forced to cease trading due to increased local competition and the recession.
As well as country and equine supplies, Lindley Pate Ltd sold new and used trailers for horses and agricultural and landscape use.
Sales of commercial and domestic trailers had dropped by between 30-40 per cent this year. And all seven members of staff have lost their jobs.
A liquidator for the company is due to be appointed this Friday (6 November).
The company was originally established in 1912 but was bought by David Sunderland in July 2007.
“The demise of a business that has been trading for almost 100 years and the consequent loss of jobs is indeed sad news,” said Frances Henshaw, from accountants and business advisors Beever and Struthers.
“We’re proactively inviting buyers for its assets to come forward but in the event of sales not being agreed the assets could be sold at auction.”