Administrators appointed at Ultimate Food Company

Thu, 22 Feb 2018 | ADMINISTRATION

A Cumbria-based food producer and family business has entered administrators after ceasing trading earlier this month, as increased competitive pressures continue to hit the food and beverage manufacturing sector.

The Ultimate Food Company, best known for its line of bespoke Christmas puddings, has appointed administrators from Begbies Traynor to advise on how to secure the firm’s future.

At present all 20 employees of the firm have been made redundant, with administrators focused on selling the business and its assets.

Founded in 1986, The Ultimate Food Company specialised in making Christmas and other sponge puddings for private-label, food service and wholesale customers. Its recently-expanded range also includes rum and brandy butters, dessert sauces and chutneys.

The firm’s client book includes high street names such as Fortnum & Mason, for whom the Cumbrian firm made Christmas, Easter and rose petal puddings for various seasonal hampers in 2012 and 2013. It has also produced Fortnum & Mason’s Christmas puddings since 2013, including the famous Magnificent model which featured a molten centre of gold-flecked brandy butter.

Begbies Traynor have dispatched Dean Watson and Ian McCulloch as joint administrators, who both hope that Ultimate Foods can survive in some form going forward.

McCulloch said that the firm was an “established, well-recognised and highly regarded” food brand that had to cease trading due to unfortunate circumstances.

He added: “We are currently in the process of marketing the business and assets for sale and should there be any interested parties then please get in touch.”

Watson emphasised that any course of action would be chosen to “minimise the impact on the administration on customers” as well as maximising returns to creditors.


Share this article



Latest Businesses for Sale

Casual Dine Restaurant
Coventry, West Midlands, West Midlands, UK

150 seater restaurant with open plan kitchen and bar. Fitted out to a very high standard With state of the art kitchen and storage facilities. Offers invited.

Asking Price: £300,000
Turnover: £1,040,000

LEASEHOLD


Hot Beverage Products & Services Provider
South of England, UK Wide

Operating a Twin Sales Model. Two related businesses providing complementary services in the coffee industry with one a well-respected B2B brand for coffee tea and related consumables and equipment and one that works with distributors and manufacture...

Asking Price: Offers Invited
Turnover: £1,420,000

Bakery
Somerset, UK Wide

Long established, fully equipped and profitable bakery in an area of Somerset that is enjoying further development. A bakery has operated out of this location for over 40 years with our client trading in all of those years serving both local resident...

Asking Price: £79,950
Turnover: £468,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
10
 
Jul
 

Mobile phone supplier and recycler goes into administration | ADMINISTRATION

Mobile phone refurbishment company Redeem UK has gone into a...

 
09
 
Jul
 

John Lewis to close eight stores as COVID-19 accelerates shift to online | BUSINESS NEWS

Department store chain John Lewis has said that eight of its...

 
09
 
Jul
 

Chancellor cuts VAT on hospitality as part of £30 billion rescue plan | BUSINESS NEWS

Chancellor Rishi Sunak has announced a £30 billion pla...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
18
 
Jun
 

Hotel chain Suite Hospitality enters administration | ADMINISTRATION

Suite Hospitality, which operates hotels in Exeter, Windsor ...

 
27
 
Apr
 

Lincs Lifts seeks buyer after appointing administrators | ADMINISTRATION

Scunthorpe-based powered access hire business Lincs Lifts is...

 
03
 
Apr
 

Benito’s Hat to continue trading despite entering administration | ADMINISTRATION

Fast-casual Mexican food chain Benito’s Hat has entere...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources