Fri, 26 Feb 2016 | ADMINISTRATION
Wilson’s, the company famous for manufacturing the Kendal Mint Cake since 1913, has entered administration following ‘significant cash flow difficulties’, according to Food Manufacture.
The distressed company has made a total of 121 employees redundant over a nine month period. The remaining 35 staff were made redundant in February 2016 around the time of the financial difficulties.
The food manufacturer, based in Holme, near Kendal, Cumbria, was only brought out of pre-pack administration by Creative Confectionery in May last year.
However, following further trouble at Wilson’s, Jeremy Woodside and Christopher Ratten of RSM Restructuring Advisory were appointed as joint administrators on 12 February this year, with the distressed business ceasing to trade altogether two weeks before that.
Mr Woodside, a partner at RSM Restructuring Advisory, said: “Unfortunately due to significant cash flow difficulties the company has been placed in administration.
“Currently the administrators are marketing the company’s assets.”
Wilson’s was founded by James Wilson in 1913 at a factory in the Stricklandgate area of Kendal. During peak production at it premises in Holme, the company ran five production lines and made 2 million chocolates a week.
View the latest UK businesses in administration.
A specialist civil engineering firm best known for its expertise in weighbridge pit installation, associated weighbridge infrastructure services and groundwork services.
The business was established and considerably improved by the present owner more than 12 years ago and is being reluctantly sold as the owner wants to take some time out after the demands of the past few years.
LEASEHOLD
This well-regarded and relocatable Consultancy & Investment business has now come to the open market.
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
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
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.