Nearly 100 jobs lost after UK potato processor closes
Paul Stanley and Andrew MacKenzie of Begbies Traynor were appointed joint administrators at the request of the directors and are now looking to raise money for creditors by selling off assets.
The company’s existing factory at Plaxton Bridge Road, Woodmansey, outside Beverley, was able to process more than 100,000 tonnes a year of potatoes and other root vegetables.
"The business was trading well, despite tight margins in the sector, prior to the loss of one major contract," said Andrew MacKenzie of Begbies Traynor.
"It was clear very quickly that without the same level of revenue the business had no way to cover its costs, and unfortunately the doors had been closed on 10 March before our appointment.
source: insidermedia.com
