Wind-down of Poultry Farm and Processor

Sector: 
Food / Agriculture
Company Size: 

Turnover: £6m
Employees: 92

Issue: 

The company was suffering from declining turnover due to a loss of market share. Pressure on margins was also acute due to rising feed prices and falling bird prices.

Solution: 

We were appointed Administrators to allow us to seek a buyer for the business whilst trading out the bird stocks.

Outcome: 
  • Buyers for the business were sought during the Administration, but none could agree acceptable occupancy terms with the company’s landlord.
  • We continued to run the company whilst birds stocks of 400,000 live and 200,000 frozen were sold under an eight week trading plan.