Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Salmon processor up for sale after entering administration

Salmon processor up for sale after entering administration

Thu, 05 May 2022 | ADMINISTRATION



A buyer is being sought for salmon processor Bleiker’s Smoke House, which fell into administration shortly after losing a major contract with a UK supermarket. The Yorkshire-based company had been the supplier for Aldi’s “Specially Selected” smoked salmon range until it was abruptly dropped at the start of April.

Following the loss of the contract, which was thought to account for between 50 – 70 per cent of Bleiker’s turnover, the company appointed FRP Advisory in an attempt to find a buyer for its brand and plant or to restructure the business. A small number of employees were kept on to help the company supply its remaining contracts.

When a buyer could not be found by April 28, the company entered administration with staff made redundant and the business ceasing trading. Despite this, joint administrators Martyn Pullin and Phil Pearce of FRP Advisory continue to seek a buyer for the company and its assets.

FRP Advisory said: "After the loss of a significant contract, the business began consultation with its employees. The business and assets were marketed for sale, but a buyer could not be found.”

Aside from its contract with Aldi, through which it supplied the supermarket with RSPCA-approved raw material, Bleiker’s branded products are also sold at supermarkets including Morrison’s, Sainsbury’s and Tesco.

Prior to the loss of its contract with Aldi, in its financial reports for the year ending April 30 2021, Bleiker’s reported a post-tax profit of £296,138 on turnover of £14.09 million. The company’s fixed assets were valued at £1.47 million and current assets at £3.8 million, with net assets amounting to £2.4 million.

In a statement, joint administrator Martyn Pullin said: "Bleiker’s was a family operation with a track record of supporting both major and independent retailers. The loss of a significant contract left the business in a difficult financial position. Regrettably, the insolvency has meant that the business is no longer able to continue trading and redundancies have been made.”

Pullin added: “We are now focused on exploring options to sell the business and its assets and encourage any interested parties to come forward.”


Find out more about attempting to sell a business prior to insolvency.

View the latest distressed UK businesses here.

View recent UK administrations.


Share this article



Latest Businesses for Sale

Craft Beer Microbrewery
London, UK

A creative and well-regarded brewery with a strong reputation across the region. Offers an array of craft beers, including IPAs, pale ales, lagers and stouts.

Asking Price: Offers Invited
Turnover: £789,000

LEASEHOLD


Well-Established Winery
UK Wide

Family owned certified organic vineyards and winery producing wine in Europe for over 30 years. Operating from a purpose built winery designed in South Australia the group grows produces and distributes a variety of award winning wines and compliment...

Asking Price: Offers Invited
Turnover: £2,000,000

Winemaker & Vineyard
Kent, South East, UK

This is a retirement sale for one of the oldest vineyards in the South East of England. Last year, the purpose-built winery on site was doubled in size, which in future will enable the business to upscale production from its current levels of 20,000...

Asking Price: £1,500,000
Turnover: £300k - £1m

FREEHOLD



View more businesses for sale

News Search

Latest News

 
27
 
May
 

Fragrances retailer Bodycare exploring potential sale amid high street decline | BUSINESS SALE

High street fragrances retailer Bodycare has reportedly enga...

 
26
 
May
 

DCJ Group targeting more acquisitions after SM Commercial takeover | BUSINESS SALE

Insurance and risk management firm DCJ Group, a part of Glob...

 
25
 
May
 

Can pre-pack administrations still play a central part in restructuring UK businesses? | BUSINESS NEWS

Despite proving a popular option when it comes to business r...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.