Kapak Foods bought out of administration

Fri, 02 Oct 2015 | ADMINISTRATION

A food business in Merseyside has been bought out of administration for an undisclosed sum.

Kapak Foods was pushed into administration on 1 October after struggling with cashflow issues. Despite strong sales and a positive move into a new premises in 2013 the firm was simply unable to overcome the severe financial difficulties in sufficient time.

Administrators from FRP Advisory, including Ben Woolrych, were appointed to handle matters and were able to very quickly secure a sale for the business.

Mr Woolrych commented: “We’re delighted to have secured the future of this key North West business, preserving the 150 jobs and providing continuity of supply for its loyal customer base. We wish Foodpack Limited and everyone involved in it every success for the future.”

The business was sold to Foodpack Limited almost immediately. The buyers were backed by North West investor and adviser Seneca Partners, along with £7.5 million funding from Secure Trust Bank.

Tim Murphy and Richard Manley from Seneca Partners said that they have “every confidence” in the company's development.

Kapak was founded 16 years ago and counts household food and beverage companies among its customers. The company's most recent accounts recorded a turnover of £17 million.


View more businesses in administration.


Share this article



Latest Businesses for Sale

BMW After Market Specialist
UK Wide

A rare opportunity to acquire a long established, profitable, BMW After Market Specialist, with an excellent reputation. Trading profitably since 1994. Offering complete automotive performance, engineering and styling solutions. This is a retirement...

Asking Price: Offers Invited
Turnover: £726,000

Provider of Coffee Machines & Related Products
South East, UK

Provides an extensive range of coffee machinery, which is imported from Italy and Spain, and coffee products, which are sourced within the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £1,000,060

FREEHOLD


International Export Services
North West, UK

One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...

Asking Price: Offers Invited
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

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