Crafter’s Companion Trading Company Enters Liquidation, 58 Jobs Lost

Cedarcrest Global Trading Limited, which operated the Crafter’s Companion craft business, has entered liquidation following plans to combine the brand with Gemporia. The trading company’s closure resulted in 58 redundancies, while the separately owned brand and website are expected to continue.

• Cedarcrest Global Trading Limited, the company operating Crafter’s Companion, entered liquidation after Gemporia’s board decided the combined business could operate through one trading company.· 1 source
• The liquidation led to 58 redundancies: 42 at the Newton Aycliffe headquarters and 16 at the Evesham store.· 2 sources
• The company’s headquarters and sole retail store closed. The reports say the Crafter’s Companion brand and website are separate from the company in liquidation and are expected to continue through the Gemporia arrangement.· 2 sources
• Sara Davies founded Crafter’s Companion in 2005. The reports describe her involvement in the business’s future and her role in informing staff of the redundancies.· 2 sources
• As of 25 October, Companies House still listed Cedarcrest Global Trading Limited as active, and the first report said a liquidator had not yet been publicly named.· 1 source