Restructures and receiverships news & analysis – Page 20
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News
Scottish health chain Earthy Foods & Goods closes its doors
Earthy Foods & Goods, a small group of organic food stores and cafés in Edinburgh, has gone into administration, owing nearly £1m.
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News
Frank Field MP blasts accounting 'deficiencies' at Palmer & Harvey
The chairman of the House of Commons’ work and pensions committee has blasted the management and auditors of Palmer & Harvey after a report by administrators revealed the failed wholesaler significantly understated its losses in the 2015/16 financial year.
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News
P&H understated losses by £12.1m in 2015/16, administrators' report reveals
Palmer & Harvey significantly understated the extent of its losses in the 2015/16 financial year after a series of “omissions” and “misstatements”, according to a report into the collapse of the wholesaler by PwC.
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News
Palmer & Harvey creditors owed more than £700m, PwC report reveals
Creditors of Palmer & Harvey are facing losses of more than £700m following the collapse of the wholesaler late last year, a report by administrator PwC, seen by The Grocer, has revealed.
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News
Mr Sherick's Shakes appoints liquidator amid cost pressures
The ‘super premium’ range of Mr Sherick’s Shakes retailed at the top end of the market (£1.99 for a 250ml bottle)
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City snapshot: Conviviality offers to buy 127 Central Convenience stores following P&H collapse
Bargain Booze owner Conviviality has offered to buy 127 Central Convenience stores from WS Retail, following the collapse of its parent Palmer & Harvey into administration. Plus all the rest of the latest news from the City
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News
Palmer & Harvey sought to delay dividend payments as losses mounted
Collapsed wholesaler Palmer & Harvey renegotiated its onerous dividend payments to management to help mitigate rising losses according to its most recently filed accounts.
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Comment and Opinion
Who killed Palmer & Harvey?
From the 2008 MBO, Palmer & Harvey still chose to pay out £70m in interest payments to preferential shareholders. Why?
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News
Tony Reed tells P&H colleagues and customers: 'I'm sorry'
Reed said he was ‘dreadfully sorry’ to all the stakeholders that he had been unable to save the wholesaler
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News
P&H falls into administration
Customers have been informed there will be no deliveries tomorrow and rival wholesalers are gearing up to step in
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News
Yorkshire Meatball joins list of collapsed crowdfunded brands
The business, run by father and son David and Gareth Atkinson, raised £123,000 from 220 investors on Crowdcube last April
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News
Sugar beet harvester M&J Haulage collapses
Lincolnshire sugar beet harvester M&J Haulage has called in administrators from KPMG, with operations suspended and all 24 staff sent home.
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News
150 jobs saved as Waitrose cake maker More Food acquired in pre-pack deal
A rescue deal at Waitrose and Budgens cake supplier More Food has saved 150 jobs after rising commodity prices following the Brexit vote and substantial costs related to a move to new facilities squeezed the business.
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News
City snapshot: 250 jobs at risk as Finsbury Food Group plans to close Grain D’Or bakery business
Finsbury Food Group is proposing to close its lossmaking Grain D’Or business, leaving 250 jobs at risk.
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News
Southern Salads collapses after feeling Brexit effect
Supermarket salad supplier Southern Salads has collapsed, with the loss of 260 jobs, after being squeezed by the weak pound and higher import prices for its produce sourced from Europe
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News
Cleveland Meat Co collapses with loss of 68 jobs
The collapse of Cleveland Meat Co comes after the FSA shut the business down temporarily in June when it found evidence of “serious deficiencies” at the firm’s Stockton site.
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News
Tulip kicks off consultation at King's Lynn factory
The cuts are part of a restructure at the Danish Crown-owned business, which posted losses of almost £22m for the year to 30 September
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News
Bristows and Tuckers bonbon maker fails again with 52 redundancies
The future of the Bristows and Tuckers confectionery brands hang in the balance after a failed turnaround bid sent the business under for the second time in less than a year
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News
Essex family food store forced to close after 17 years
The Food Company in Marks Tey, Colchester, will cease trading on 29 July
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News
Liquidators appointed at scandal-hit Hebridean Sea Salt
Hebridean Sea Salt is set to be liquidated after being embroiled in a scandal over the authenticity of its product.