Poole’s Pies sold to Leeds bakery Country Style Foods

  • Print
  • Share
  • Comment
  • Save

Neil Court-Johnston and Dave Whelan

Former Poole’s Pies owner Dave Whelan (R) had previoulsy agreed to sell the business to Neil Court-Johnston (L)

Poole’s Pies has been sold to Leeds-based bakery business Country Style Foods.

The Wigan-based business has been acquired after entering administration earlier this week. It had been making losses and had little chance of becoming profitable in the immediate future, said administrator Milner Boardman & Partners.

Previous Poole’s owner Dave Whelan – chairman of Wigan football club – had entered into a deferred sale agreement in May last year to former Peter’s Food Service MD Neil Court-Johnston, but this deal was never completed.

Despite gaining new contracts – including its first national supermarket listing, with Asda, in May – Poole’s had been receiving continual injections of cash from Whelan, said Milner Boardman.

“The company has faced a difficult few months and has continued to make losses,” added joint administrator Gary Corbett. “Business forecasts prepared by the company gave no imminent indication of a return to profitability leaving no option but to either close the company down or find a quick sale.”

Poole’s was sold to Country Style Foods on Wednesday for an undisclosed sum, with the new owner planning to operate the business as normal and retain all staff. “This will ensure continuity of supplies to the company’s major customers,” added Corbett.

Country Style Foods MD Joe Wood said the acquisition would give it access to new customers and markets.

“We are pleased with the way the administration and sales process has been handled, ensuring staff jobs are retained and the company can continue to trade,” said Andy Gee, finance director at Dave Whelan Sports.

Have your say

These comments have not been moderated.

You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment.

Any comment that violates these terms may be removed in its entirety as we do not edit comments.

If you wish to complain about a comment please use the “report this comment” facility or email groceremails@wrbm.com

Mandatory
Mandatory
Mandatory
Mandatory
  • Print
  • Share
  • Comment
  • Save
Sign in

Newsletter Sign-up

Free

I wish to receive the following newsletters:

For Members

Become a Gold Member to receive these newsletters:

Become a Finance Member to receive these newsletters:

Become a member of The Grocer

DIRECTORY

The+Grocer+Directory

CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.

FOLLOW THE GROCER

The Grocer's commentators and opinion makers