Waverley TBS, an independent alcoholic and soft drinks distributor in the UK, has appointed Daniel Francis Butters and William Kenneth Dawson as administrators after going into administration.

The holding company of the distributor, Huntingtower Investment Group, is also under administration.

Waverley TBS is owned by Manfield Partners, which acquired it from Heineken UK in 2010. Huntington Investment was created to acquire Waverley.

The company, headquartered in London, operates from over 18 sites and has more than 800 employees.

Manfield Partners has attributed the weak financial condition of the distributor to tough trading conditions in the country.