Kosher caterer bites the dust

Kosher caterer Sharett has gone into liquidation after the failure of attempts to keep it afloat.

An order to wind up the north-west London company, which was started by Neal Sharpe and Ruth Synett in 1991, was made at the Insolvency Court on April 16.

In January last year, Sharett entered into a Company Voluntary Arrangement (CVA) in order to stay in business and repay creditors more than £200,000.

But Alan Simon, of accountants Langley Group LLP, who was supervisor of the CVA, said: “It couldn’t keep up with the payments and because of that I was forced to implement the terms of the arrangement and to place it into liquidation.”

No representative of Sharett was available to comment and calls to its industrial unit in Colindale received no answer.

But Mr Sharpe said last year that one problem had been the cost of replacing a stolen van.

In a final report to creditors at the end of February, Mr Simon wrote that the company had made contributions of £18,375 under the arrangement but had “arrears of £21,125 and the arrangement is clearly in default”.

According to the CVA, Sharett was due to make payments of £36,000 in its first year rising to £60,000 in the fifth year.

Mr Simon concluded: “In view of the existing level of arrears, I deem this arrangement to have failed and can confirm that solicitors have been instructed to commence winding-up proceedings against the company.”

Sharett, which was jointly licensed by the London Beth Din and the Sephardi Kashrut Authority, specialised in modern Mediterranean cuisine. It had been the resident kosher caterer at the five-star Renaissance Chancery Court Hotel, operated at other leading simchah venues in central London and ran a home delivery service.

Last updated: 1:54pm, April 30 2009