Wed, 21 Jun 2017 | ADMINISTRATION
C Marston & Sons (Icklingham) Limited, a Suffolk-based struggling flour mill has been sold in a pre-pack administration.
Steven Law and Adrian Allen of RSM Restructuring Advisory LLP were brought in as the joint administrators to C Marston and D and S Marston Limited, which owns the freehold mill.
Heygates Limited has stepped in to purchase the business for an undisclosed sum, saving 16 jobs as a result. And Throop Milling Limited, a recently set up business, has bought D and S Marston.
The business found itself in administration after the mill had been loss making for some time, as well as being hit by the price of wheat.
“The sale of the assets and property has allowed the milling activities to continue to trade, and has also secured a number of jobs” Mr Law, a partner at RSM said.
“The related transactions also provide the best possible outcome for creditors in the circumstances.”
The mill’s new owner Heygates, has been in the industry since the 19th century, with the Heygate family having farmed since the 1500s in Northamptonshire, the same area the business is based in now.
It runs seven flour mills across three sites, two modern bakeries and 7,500 acres of land.
View our businesses in administration
Subscribe to Business Sale Report here
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a unique opportunity to acquire a company specialising in luxury performance cycle clothing, utilising the finest specialist fabrics and cutting-edge construction techniques.
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.