One of the country’s largest fishing mail order companies is the latest business to fall foul of the economic downturn.

Bennetts of Sheffield Ltd, based just off the Wicker Arches in Sheffield, has ceased trading after more than half a century supplying fishing products to anglers across the UK.

Business turnaround and insolvency specialists Wilson Field Ltd are the proposed liquidators and a creditors meeting has been scheduled for November 24.

The company has a strong internet and mail order business and it is hoped that a buyer for the goodwill and assets of the company will be found.

Emma Bower of Wilson Field Ltd, said: “The business has operated in Sheffield for more than 50 years but in common with many other businesses it has been hit by the economic downturn and this has, unfortunately, resulted in staff redundancies.

“The company has a strong internet and mail order business and we are hopeful that a buyer for the goodwill and assets of the company will be found.”

Parties interested in purchasing should contact Emma Bower at Wilson Field on 0114 235 6780.