Wed, 02 Jan 2013 | ADMINISTRATION
A vineyard that supplied the Queen and the Duke of Edinburgh with wine to celebrate the Diamond Jubilee earlier this year has fallen into administration after poor weather damaged the latest harvest.
The owners of Wickham Vineyard in Hampshire said that the poor 2012 harvest, combined with a lack of investment, has forced them to administration.
The vineyard collapsed following the failure of the Wine Shak retail chain in November 2012. A spokesperson for the vineyard’s owners said, "We were involved in the Wine Shak shops, and those were put into liquidation three weeks ago. The shops took the vineyard down as well.
"It's been difficult trading for at least the past 12 months and they have been trying to secure investment which hasn't been forthcoming."
The vineyard was planted in 1984 and usually produces around 80,000 bottles of wine for supermarkets, restaurants and hotels each year. However, the rainy weather over summer 2012 meant stocks were considerably depleted this year.
The firm employs 24 people and the spokesperson said they are hoping to be able to offer statutory redundancy to staff, but that this “will be decided at the creditors' meeting.”
This is a unique opportunity to acquire two well-established B2B companies operating across multiple sectors throughout the UK, boasting strong client relationships and secure contracted revenues poised for further expansion.
LEASEHOLD
This is a unique opportunity to acquire a prominent company in a specialist sector with a high barrier to entry, offering integration potential and a cash-generative model with repeat revenue.
This business presents an enticing opportunity with established relationships with blue-chip organisations globally, a strong client retention rate, and the potential for relocation.
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.