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
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Chilled foods distributor close to insolvency

Chilled foods distributor close to insolvency

Wed, 22 Sep 2021 | ADMINISTRATION



EVCL Chill, a distributor of chilled foods to UK supermarkets including Sainsbury’s and Asda, is poised to enter insolvency. Early reports indicate that the business is close to succumbing to a range of factors, including a shortage of HGV drivers and supply chain challenges and costs.

The business, previously called NFT Distribution, has been a subsidiary of logistics firm EV Cargo since being acquired out of administration in early 2020. That deal was brokered by administrators PwC, with the restructuring firm reportedly also being lined up to handle this process.

EVCL Chill, based in Alfreton, Derbyshire, is said to be in talks with its major customers over contingency plans to help secure supply continuity. The business is described as being a key supplier in the ambient and chilled foods logistics market.

The division’s last available financial reports at Companies House cover the year ending September 29 2018, at which time the business was still trading as NFT Distribution prior to its administration and acquisition by EV Cargo.

For that year, the business reported post-tax losses of £29.1 million on revenues of close to £334 million. At the time, the company’s total assets were valued at £99.7 million, but its total liabilities of £164.4 million left it with a total deficit of £64.6 million

As well as causing growing supply issues for the UK’s supermarkets and shoppers, driver shortages and rising supply chain costs are also impacting logistics firms. Earlier this month, another Derbyshire-based firm, haulage company Sprintdeliver, entered administration due to the impact of driver shortages and the pandemic.


Read more about M&A in the UK logistics sector.

View the latest distressed UK businesses here.


Share this article



Latest Businesses for Sale

Wholesale and Distribution of Trade Supplies
UK Wide

Offered for sale is a wholesale business and one-stop shop for a wide variety of products to the trade sector. A variety of items are available on the website for trade purchase, such as Clearance, DIY, Toiletries, Electrical, Household and Pet items...

Asking Price: £1,900,000
Turnover: £3,000,000

LEASEHOLD


Supplier of Components for the Oil, Gas and Petrochemical Sectors
Scotland, UK

The company provides high quality components for the oil, gas and petrochemical sectors. Products include valves, pipes, fittings, flanges, gaskets, insulation kits, studbolts, hubs and clamps. Additionally, the business offers a full documentation s...

Asking Price: Offers Invited
Turnover: £1,800,000

FREEHOLD


DIY Wholesale Business
North West, UK

Offered for sale is a wholesale business and one-stop shop for a wide variety of products to the trade sector. A wide variety of items are available on the website for trade purchase, such as clearance, DIY, toiletries, electrical, household and pet...

Asking Price: £1,900,000
Turnover: £2,000,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
May
 

Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE

Legal services company Knights has acquired Portsmouth-headq...

 
18
 
May
 

Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS

Businesses in the UK look set to come under continuing press...

 
18
 
May
 

Cotswolds pub in prime tourist town comes to market for £1.3m | BUSINESS SALE

The Mousetrap Inn in the popular Cotswolds tourist town of B...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.