Creoate Limited – Administration: Online wholesaler Creoate falls into administration after ten years

Founded in October 2016 with a two-person team, Creoate grew to operate across 11 countries, offering retailers a platform to source goods including homeware, gifts, fashion and food. Despite this expansion, the business has now fallen into administration.

No cause for the collapse has been given. The joint administrators will assess options for the business, which may include a rescue, sale or eventual liquidation.