Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / 'All options' being explored for collapsed Welsh cheese maker

'All options' being explored for collapsed Welsh cheese maker

Wed, 26 Jun 2019 | ADMINISTRATION



A cheese-making factory in Snowdonia has collapsed into administration, citing an increase in business costs and a failed attempt to find a buyer as the reason for its downfall.

GRH Food Company has forced to cease its trading operations and call in professional advisory firm KPMG to handle the administration process, with partners Paul Dumbell and David Costley-Wood appointed as joint administrators.

A spokesperson for KPMG said: “The company suffered cash flow issues and was unable to meet its financial obligations as they fell due.”

Dumbell added: “GRH was an ambitious business that had grown in recent years, but the squeeze of increased costs and liabilities put too much pressure on its finances.

“Despite efforts to market the business for sale, a buyer could not be found, which led to the administration.

“Although the facility will not trade during the administration period, we continue to explore all options for this multi-million-pound production facility.”

Established in 1989 in Snowdonia Business Park in Gwynedd, the family-owned business supplied those in the retail, wholesale and food industries both in local and international markets.

In 2017, the Welsh Government presented GRH Food Company with a £1.7 million grant to move to its current premises from its original Llýn Peninsula site.

However, as a result of the administration, Liz Saville Roberts MP said: “I am calling on the Welsh Government to step in and hold urgent talks with the liquidators KPMG, to make sure this valuable public investment in food production in north west Wales is safeguarded for the future.”

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Provider Of Wholesale Frozen Foods & Dry Products
UK Wide

Offers an extensive selection of products from leading brands, including frozen meat and vegetables, preprepared meals, dry goods and toiletries.

Asking Price: Offers Invited
Turnover: £12,000,000

LEASEHOLD


Wholesaler Of International Food Products
UK Wide

Stocks in excess of 700 international food products, including confectionery, snacks, sodas and groceries. Has in excess of 800 clients, with 60% providing ongoing, reliable revenue.

Asking Price: Offers Invited
Turnover: £2,400,000

LEASEHOLD


Award-Winning Producer Of Speciality Cheeses
UK Wide, East Midlands

Utilises local ingredients and traditional methods to produce a range of 40 in-house speciality cheeses, which are sold to customers throughout the UK and Europe.

Asking Price: Offers Invited
Turnover: £2,200,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Feb
 

Hanson-owned brickwork contractor closes down | BUSINESS NEWS

Brickwork firm Irvine-Whitlock, a subsidiary of building mat...

 
25
 
Feb
 

Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS

Acquisitive wealth management firm Fairstone Financial Manag...

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
09
 
Dec
 

Administrators seek buyer for garden machinery firm | ADMINISTRATION

Shropshire-based garden machinery company Oakley’s has...

 
19
 
Oct
 

Ford tuner Mountune saved in acquisition by founder | BUSINESS SALE

Essex-based Mountune, a firm specialising in tuning packages...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.