Wed, 05 Sep 2018 | ADMINISTRATION
A collaboration between two family businesses with more than 100 years of history, Clifton Quality Meats has ceased trading after being affected by trading difficulties.
With headquarters in Blackpool, the fine meat specialist traded from three locations and had an annual sales turnover of £10 million.
The trading difficulties were further worsened through the recent good weather and poor crop growth, impacting the weight of lambs which were forecasted to be down 40 per cent. The collapse of Russell Hume also did not assist the firm as the sector relies heavily on credit insurance and having a business from the industry fail resulted in the insurance company being badly hit and therefore a raise in the costs for other other customers.
Sarah O'Toole and Jason Bell of Grant Thornton LLP were appointed as joint administrators on 24 August 2018.
A spokesman for the joint administrators said: "CQM suffered multiple challenges in recent months and, despite continued support from other group companies, the directors were left with no alternative but to place the business into administration.
"All staff, who had been laid-off prior to our appointment, were made redundant on the 24 August 2018. We understand that a significant number of those affected have found alternative employment in the local area."
Having evolved from a chain of traditional butchers shops, Clifton Quality Meats became a network of catering units with a strong emphasis on hygiene and reliable delivery.
The business employed 80 employees, who have now all been taken up by another firm, Clifton Buying Group.
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