Restructures and Receiverships – Page 15
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NewsHaulage companies on the brink following collapse of foodservice
A third of all food trucks are off the road, according to a recent survey by the Road Haulage Association.
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NewsRestaurant chain Carluccio’s falls into administration
The Italian restaurant chain has entered administration, becoming the first major casual dining casualty of the coronavirus lockdown
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NewsCity News: Investors heed SSP Group’s call for £216m of emergency cash
Travel food specialist SSP Group was forced to tap shareholders for £216m of emergency cash this week to try to overcome a collapse in sales as the coronavirus outbreak halts travel.
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NewsCoronavirus: Crisis talks as food & drink companies struggle to access bailout cash
Food and drink leaders are in crisis talks with the Treasury over fears hundreds of companies face going out of business as they struggle to access bailout cash pledged by the government last week
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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