Restructures and Receiverships – Page 11
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NewsSeafood businesses close as coronavirus hits exports
Falling demand and air freight cancellations are proving disastrous for British fisherman
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NewsWelsh Bros Foods collapses into administration
The 1964-established business appointed administrators at Grant Thornton UK LLP in early March
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NewsHigh street failures blamed for soaring government redundancy payouts
The Insolvency Service last year paid out £346m to workers made redundant by the collapse of a company
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NewsUpfield and General Mills supply chains in balance after NFT pre-pack administration
The future of NFT’s key Tilbury distribution site, used by the Flora and Yoplait owners, remains unresolved
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NewsTyphoo Tea to cut jobs to ‘safeguard future of the company’
The tea maker said the move was necessary amid an increasingly challenging trading environment
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NewsDessert maker Indulgence Patisserie in talks with buyer after collapse
The own-label and branded dessert manufacturer appointed advisors last month after falling sales and legal issues led to its collapse into administration
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NewsBritish Honey rescues The London Distillery out of administration
The acquisition was part of British Honey’s “ambitious” growth plans, which will see the two companies ranges joined into one portfolio
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NewsCVAs ‘delaying inevitable’ financial collapses, claims Colliers
Of 23 retailers to enter CVAs from 2016 on, 13 have since gone into administration
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NewsTomlinsons Dairies creditors could receive zero from collapse: PwC
The dairy processor collapsed into administration in October, with the loss of more than 300 jobs
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NewsBabease blew through £11m of shareholder cash before collapse
Losses had spiralled to a combined £2.8m on the back of turnover of just £1.4m in the first nine months of 2019
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NewsFruit & veg wholesaler The Italian Fruit falls into administration
The company is currently seeking a buyer, but it remains unclear whether a deal will be struck
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NewsBon Bon Buddies plunged to £6m loss to trigger rescue plan
Confectionery manufacturer Bon Bon Buddies suffered an “unprecedented” loss of £6m as it was forced to agree a rescue plan with creditors to save the business.
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NewsPG Tips and Lipton set for herbal tea expansion as Unilever denies sale
Unilever denied it was “exploring a sale” of its tea business, contrary to media reports
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NewsThomas 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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NewsBabease 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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NewsLondon 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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NewsBabyfood 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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NewsSavsé 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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NewsPorky 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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NewsBoozy 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