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

Closed Chinese Restaurant
Merseyside, UK Wide

Closed Chinese restaurant in spectacular China Town location. Property available to rent. Semi-retirement sale. Offers invited.

Asking Price: £574,995
Turnover: £364,000

Delicatessen
Lancashire, UK Wide

Lucrative delicatessen in Lancashire. Established since 2010. Very busy location with excellent reputation. Offers invited.

Asking Price: £199,500
Turnover: £342,311

Fish & Chip Shop
Grantham, Lincolnshire, UK Wide

Newly refurbished fish and chip shop for sale in Grantham. Operating from a residential trading location. Established 1998. Accommodation available at an additional cost. Free parking available. Offers invited.

Asking Price: £175,000
Turnover: £312,000


View more businesses for sale

News Search

Latest News

 
23
 
Jul
 

Award-winning American diner put up for sale | BUSINESS SALE

An award-winning 50s-style American diner in Albert Village,...

 
22
 
Jul
 

Ayr Artwork firm goes into administration | BUSINESS SALE

The Steve Brown art company has announced that it has entere...

 
19
 
Jul
 

Outdoor activity centre completes MBO | BUSINESS SALE

An outdoor water activity centre has been successfully sold ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
25
 
Jun
 

Port Talbot construction business enters administration | ADMINISTRATION

A construction company based in Port Talbot has fallen into ...

 
05
 
Jun
 

North Yorkshire bathroom supplier enters administration | ADMINISTRATION

A bathroom supplier has collapsed into administration after ...

 
18
 
Dec
 

High street clothing chain enters administration | ADMINISTRATION

A prominent high street clothing chain has collapsed into ad...

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