Betterware Ltd, a national door-to-door and catalogue sales company which sold mobility aids, has called administrators in and looks set to close down.
The Gazette published a winding-up petition, put forward by HM Revenue and Customs, on behalf of Betterware earlier this month.
Last week its workers were reportedly called to its head office where they were told they would be made redundant.
Betterware’s most recent accounts showed it produced £17m in revenue but made an operating loss of £308,000.
Its catalogue was marketed through thousands of distributors across the UK.
Joint administrators Gareth Rusling and Claire Dowson of Begbies Traynor were appointed to Betterware on Friday.
Betterware started out in East London in 1928 originally selling cleaning products door-to-door. The company was bought in 2015 by a Texas-based company.