Restructures and receiverships news & analysis – Page 12
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Thomas Tucker saved from administration in sale to former director Paul Gregg
The popcorn supplier collapsed at the end of September after a food safety recall and the loss of a key contract led to a significant cash shortfall
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Babease saved by pre-pack rescue deal from owner Amitis
The babyfood maker appointed insolvency specialist FRP Advisory as administrator on Thursday (21 November)
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London cake maker Butterscotch Bakery rescued out of administration
The company was acquired by an undislosed party after calling in administrators on 8 November
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Babyfood brand Babease set for rescue as part of pre-pack administration deal
The brand secured a £5.1m investment just four months ago
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Savsé rescued from administration by Life Health Foods
Savsé called in administrators earlier this month after declining sales and financial pressures from Brexit
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Porky Whites rescued out of administration by founding family
Surrey-based brand owner G White & Co was placed into administration on 5 November
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Boozy ice lolly brand Pops goes bust but potential sale nears
The brand had big-name tie-ups with Pimm’s and Gordon’s but was dogged by cashflow issues
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Farmers urge review of Tomlinsons collapse and milk profitability crisis
The NFU said Tomlinsons’ fall into administration brought the issues facing the liquid milk market into ‘sharp focus’
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Smoothie maker Savsé calls in the administrators
Declining sales, financial pressures from Brexit and the loss of a major listing in Boots sent it spiralling into crisis
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Up to 270 jobs at risk as Tulip starts consultation at Bodmin meat plant
The site is understood to have lost about £20m during the past two years
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Müller steps in to process Tomlinsons milk for Sainsbury’s
However, the retailer had questions to answer over its decision to award Tomlinsons a contract, said industry analyst Ian Potter
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Sainsbury’s milk supplier Tomlinsons Dairies collapses into administration
The north Wales-based processor had lost more than £7m during the past year and a half, said administrators
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Future of Sainsbury’s milk supplier Tomlinsons hangs in balance
Tomlinsons Dairies has notified its farmers it is not accepting milk supplies
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Bargain World ceases trading after five months
The company’s two existing stores closed this week
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Product recall leads to administration for Thomas Tucker
Popcorn supplier Thomas Tucker has called in administrators after a food safety recall caused a cash shortfall in the business.
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AB InBev’s Beer Hawk launches Fresh chilled distribution service
It will deliver cold-chain beer in kegs, cans and bottles
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Hi-Line Wines blames collapse on increased supermarket competition
A winding up petition was presented in August by Kingsway Asset Finance, which claims to be a creditor of the company
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Home Counties newsagent Henderson’s falls into administration
Joint-administrator Michael Pallott said the creditor position was still under investigation
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Tangerine to manufacture key Big Bear brands at upgraded York factory
The investment will see production of Big Bear’s key Fox’s and Poppets brands move to Tangerine’s York site.
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Number of food & drinks suppliers in ‘distress’ grows amid economic slowdown
The number of food & drinks manufacturers in financial distress has increased by a further 3%, as Brexit uncertainty and weak consumer spending took its toll