Sourced Market closes after going into liquidation
Sourced Market has ceased trading and has been placed into liquidation by its directors, with all three of its remaining retail sites now closed.
The retailer and food-to-go specialist had its flagship outlet at London’s St Pancras railway station, as well as branches at the Leeds Skelton and Cobham motorway service areas, and is understood to have been impacted heavily by a lack of footfall at transport hubs during the pandemic.
An email sent to suppliers, seen by FFD, confirmed that insolvency practitioner Begbies Traynor would be handling a Creditors’ Voluntary Liquidation and that all creditors would be contacted in due course about making a claim.
One producer said that orders had been dwindling in the run-up to the announcement.
They added: “It’s the location of their sites, like at St Pancras, that’s been their downfall with COVID. I know I haven’t been on a train much in the last 18 months.”
Sourced Market had already closed its other sites near Victoria station and in the Barbican area of the Capital.
As FFD went to press, Begbies Traynor had not responded to a request for further comments.