All Restructures and receiverships articles – Page 7
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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
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NewsWholefood Earth to give The Vegan Kind website ‘a new life’
Online supermarket The Vegan Kind, which shuttered last month, has been revived by a family run vegan foods retailer with plans to reinvigorate the brand and bring it back to operations.
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NewsWholey Moly closes its doors in the face of mounting pressure
Cookie start-up Wholey Moly has ceased trading after being overwhelmed by a barrage of challenges this year.
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NewsTroy Foods rescued by Fylde Fresh & Fabulous in pre-pack deal
Potato grower Fylde Fresh & Fabulous Group has rescued veg processor Troy Foods from administration.
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NewsAdministrators seek rescue for No1 Botanicals as Covid effect lingers over trading
Upmarket soft drinks supplier No1 Botanicals has fallen into administration following the Covid-driven collapse of out-of-home consumption
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NewsPurearth collapses following cash squeeze as pressure intensifies on SMEs
The business, which sold a wide range of organic health drinks, appointed insolvency firm Begbies Traynor on 20 October 2022 following a meeting of creditors last week
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NewsCity News: Naked Wines shares bounce back after admitting ‘mistakes’ in strategy
Announcing the result of its strategic review on Thursday, Naked said it had ‘reshaped’ its strategic plans
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NewsCity snapshot: Naked Wines to pivot to profit focus after ‘mistakes’ chasing growth
Naked Wines has cut growth expectations and pledged to cut costs and staffing levels to prioritise the bottom line after admitting it has “made mistakes” in the pursuit of rapid growth
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NewsDoisy & Dam rescued from administration by Nurture Brands in pre-pack deal
Nurture Brands has rescued Doisy & Dam from administration, continuing its buy-and-build strategy and expanding its sustainable plant-based consumer products offering into the confectionery category
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NewsThe Vegan Kind sold in administration pre-pack deal to current owner
The Vegan Kind has been bought out of administration by a business associated with its current owner following a downturn in trading and soaring costs
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NewsCity snapshot: British Honey Co puts itself up for sale
Listed honey and spirits producer British Honey Co has launched a formal sales process amid the need for cash by the end of November
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NewsTree of Life and Health Store suppliers £20m out of pocket following collapse
Hundreds of suppliers have been left almost £20m out of pocket by the collapse of Tree of Life and sister distributor The Health Store, with a number of start-ups struggling to survive the fallout
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NewsMackie’s of Taypack rescues own-label popcorn maker from administration
Snacking firm Mackie’s at Taypack has rescued one of the UK’s largest independent own label popcorn manufacturers from administration in a pre-pack deal, saving the jobs of 60 staff.
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NewsTree of Life owner claims HSBC ‘refused’ to help ease burden
The health food wholesaler experienced a “dramatic” hit to sales caused by the twin shocks of Brexit and Covid, which followed a record year in the 12 months to 31 March 2021 when revenues exceeded £100m.