Traidcraft Public Limited Company (01333367): administration
- Status
- Administration ended
- Administration began
- 2023-01-31
- Administrators
- Andrew Little, Gillian Margaret Sayburn
- Administrators' firm
- Begbies Traynor
- Formerly
- Traidcraft Public Limited Co
- Incorporated
- 1977-10-11
- Location
- Newcastle upon Tyne
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- COVID-19
- Weak consumer demand
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 11 October 1977 and the principal business of the Company was that of a fair-trade company selling a wide range of groceries, crafts and clothing products with the object to fight poverty through trading with poor producer groups in developing countries.
The Company was one of the oldest dedicated fairtrade retailers in the UK. Many of the products were sold through activists known as “Fairtraders” who operate in churches, schools and other locations around the UK. The Company also sold through small retailers and to online and mail order customers. The Company employed circa 30 people.
Over the last 40 years the Company has pioneered the first fairtrade chocolate, coffee, tea and fruit juice. Almost everything that is known as fair trade today began with Traidcraft. Certain Traidcraft approved products were sold in supermarkets via collaborations with licence partners. The Company even supplied Fair Trade coffins.
Administrators' statement of proposals (2023-04-08) · Companies House register