The former site of collapsed cash and carry operator Abra Wholesale has been taken over by Enzo Wholesale, which has a range of more than 10,000 lines across alcohol, impulse and confectionery.
The firm took over the depot based in Edmonton, north London, in June, promising retailers around the area products at “unbeatable prices”.
A statement by Enzo Wholesale said: “We are thrilled to announce the opening of Enzo Wholesale, your new go-to cash and carry in Edmonton, taking over from Abra Wholesale.
“Under new management, we are committed to offering you unbeatable prices and exceptional customer service. Our goal is to create a shopping experience that will make you want to return time and time again. As a token of our appreciation for your support during this transition, we will be offering special promotions and exclusive deals.
“Come and explore Enzo Wholesale today, and experience the difference of shopping with a dedicated team that puts you first. We can’t wait to welcome you and help you discover the great deals and friendly service that will make Enzo Wholesale your preferred cash and carry destination.”
Read more: Abra Wholesale bought by competitor
The firm added it was “working diligently” to expand its available product range for retailers in the coming months.
Better Retailing was the first to reveal that Abra had gone into administration in May last year, following an annual decline in profit before tax from £417,573 to £172,230. The company’s financial issues were attributed by administrators to two failed investments in a restaurant and online retail business, which had both been affected by a decrease in potential demand and customers during the pandemic.
Enzo Wholesale, then known as Leo Worldwide Supply’s (sic), was the successful bidder out of three total wholesalers which had each submitted an offer on the site to administrators.
In May this year, notice was given to extend Abra Wholesale’s administration period. In a subsequent update, the administrators stated they had received claims from 79 creditors to the sum of nearly £3.1m, but “it is currently estimated that there will be insufficient funds available to allow distribution to be made to the unsecured creditors”.
In a previous administrator’s report released last year, Abra’s most significant creditors included HSBC, owed £2m; JTI, owed £548,636; BAT, owed £308,469; Philip Morris, owed £223,807; and Imperial, owed £64,290.
Other notable creditors include Red Bull (£169,403), Diageo (£119,795), Ferrero (£32,452), Heinz (£98,150), Morrisons (£38,568) and Bestway (£8,229).
