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.
To find the administration listing for Clifton Quality Meats, click here.
For all our administrations listings, click here. For more news stories about administrations click here.
Deeply embedded in its local community in a lucrative tourist hotspot the company has created multiple award-winning brands which it supplies through wholesale retail and ecommerce channels. Relationships are in place with several leading foodservice...
Offers an extensive selection of products from leading brands, including frozen meat and vegetables, preprepared meals, dry goods and toiletries.
LEASEHOLD
Serves own blend barista coffees, artisan gelato and homemade cakes, as well as offering exceptional service to customers throughout the Midlands, South East England and East England.
FREEHOLD
|
18
|
|
Jun
|
Hull transport business bought out of administration | BUSINESS SALE
Transport operator Clugston Distribution Services has bought...
|
18
|
|
Jun
|
Kingswood Holdings make £4m acquisition and targets extensive pipeline of deals | BUSINESS SALE
UK-based wealth management firm Kingswood Holdings has struc...
|
17
|
|
Jun
|
Four Communications acquires creative agency in ninth BGF-backed takeover | BUSINESS SALE
Marketing services firm Four Communications Group has acquir...
Sign up to receive our acquisition alert emails to get your FREE guide
|
16
|
|
Jun
|
Northamptonshire theme park enters administration | ADMINISTRATION
Wicksteed Park in Kettering, Northamptonshire, which claims ...
|
23
|
|
Aug
|
Administrators called in for energy technology firm Faraday Grid | ADMINISTRATION
Faraday Grid, an Edinburgh-headquartered energy transformer ...
|
28
|
|
Jun
|
Nursing home in administration | ADMINISTRATION
A nursing home in Stourport, Worcestershire, has entered adm...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources