All Restructures and receiverships articles – Page 9
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NewsFood and drink insolvencies soar as inflation takes toll
Insolvencies in food and drink manufacturing have soared in the past year as surging cost inflation and falling consumer spending squeezed firms
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Comment & OpinionFarmison’s demise points to a chill wind for DTC challengers
The demise of the DTC butchery player is yet another illustration of headwinds facing disruptor food and drink players
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NewsFarmison collapses as rescue deal proves out of reach
Most of the 75 employees at the Yorkshire-headquartered company were made redundant on appointment of administrators as the business ceased trading
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NewsPlanet Organic seeking £3m to fund new rescue plan
Planet Organic has until next week to secure a deal, with the rescue plan outlining a new slimmed-down business
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NewsOrchard House creditors left £56m out of pocket, report shows
Private equity-backed juice and fruit business owed trade suppliers £21.1m and another £7m to its employees
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NewsFraud-linked meat supplier Loscoe Chilled Foods placed into administration
The supplier was linked a fortnight ago to a National Food Crime Unit probe into the passing off of imported beef as British
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Analysis & FeaturesUnpicking the failures that led to a £234m loss at Waitrose and John Lewis
After posting huge losses, Sharon White has rung the changes, promising more cuts. Even its hallowed mutual status is under review
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NewsCity snapshot: British Honey Co calls in administrators
Listed producer of honey and spirits British Honey Co has announced its intention to appoint administrators following the failure to raise critical funds
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Analysis & FeaturesWhat Lloyds Pharmacy’s woes says about the state of British chemists
As Lloyds reviews all stores, where do pharmacies go from here?
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NewsBig Prawn creditors owed £23m-plus when shellfish supplier collapsed
The majority of the money owed isn’t expected to be repaid, the report by administrator Kroll revealed
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NewsCompleat Food picks up assets from collapsed Vale of Mowbray
The historic Yorkshire-based business, which started making pork pies in 1928, appointed administrators from FRP in September last year after struggling to cope with soaring input cost inflation and higher energy bills.
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Analysis & FeaturesAre CBD brand casualties a necessary evil for investor confidence?
The FSA’s whitelist of tradeable products has led to many brands running into trouble. Even backing by David Beckham can’t guarantee longevity
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NewsStruggling CBD brand Love Hemp calls in administrators
A notice on the brand’s website said Paul Cooper and Jamie Taylor of Begbies Traynor were appointed as joint administrators of Love Hemp Ltd on 9 February 2023
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NewsSykes Seafood saves 120 jobs in Big Prawn Co pre-pack administration deal
Big Prawn, which supplied natural and added-value shellfish products to UK retailers, wholesalers and foodservice, appointed restructuring specialist Kroll Advisory as administrator on 27 January 2023.
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NewsCrussh creditors were owed more than £11m
Food-to-go and juice bar group Crussh owed creditors more than £11m when it collapsed, according to a new report by administrators. FRP Advisory sold the business in a pre-pack administration deal worth £640k, the document also showed.
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NewsPensworth Dairy to close after loss of biggest customer
The supplier is claiming it has been ‘forced out of business’ after Freshways bought its biggest customer
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News2 Sisters set to close Llangefni factory with more than 700 jobs at risk
The poultry giant said the decision to shutter the plant was a response to the ‘continuing’ cost challenges facing the sector
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NewsSeafood supplier Cook & Lucas brings in administrators
A major whitefish processor in Grimsby supplying the likes of Hilton Foods and Charlie Bigham’s has fallen into administration
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NewsCrussh food-to-go operator rescued in pre-pack adminstration deal
Food-to-go and juice bar group Crussh has been rescued after collapsing into administration, saving more than 160 jobs
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NewsAdministrators seek buyer for Wild Beer Co
Beer brand Wild Beer Co has fallen into administration after struggling to recover from the pressures of Covid, while battling rising costs