Fri, 05 Oct 2018 | BUSINESS SALE
Banham Poultry, based in Attleborough, Norfolk has been put up for sale, and is inviting offers to provide a new home for the company.
Considered one of Norfolk’s largest employers with approximately 1,000 direct members of staff and a further 2,000 in the supply chain, Banham Poultry produces, hatches and rears its own chicks, before supplying chicken to some of UK’s major supermarkets and wholesalers.
Established in 1965 as a family-run business, the company has since gone on to achieve a turnover of roughly £100 million per annum.
During the Norfolk Farming Conference in February, the company announced that it had hit a milestone in processing an average of one million chickens per week, and was en route to a turnover of £130 million by the end of this financial year.
Presently there are two bids for Banham Poultry; one will keep the business running in Attleborough while the other aims to move production to a new location.
The company’s chief executive Martyn Bromley said: “We’re in negotiation to find the right home for the business,” and added that he was looking to find someone who could run the family business “more efficiently”.
Bromley has sought the support of leading banks and Ernst & Young to ensure that all suppliers and employers are fully paid until a transaction is finalised.
Earlier in the week, Conservative MP for Mid Norfolk George Freeman tweeted that the business had fallen into administration; he was soon corrected by Bromley who claimed that it was a “complete misunderstanding”, rather the company is in talks to secure a new owner.
For more news stories about businesses for sale, click here. For all our business sale listings, click here.
Opportunity to acquire a well-established organic wine merchant with a strong customer base and an excellent reputation in the industry.
A well-established trade material supplier in Yorkshire is offering a rare opportunity for acquisition, with strong partnerships with top retailers including B&Q and Amazon.
A leading UK-based distributor of high-quality bicycle components and accessories with strong brand recognition and exclusivity agreements is available for acquisition.
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.