FDBusiness.com

English Frozen Foods Deal Collapses

 Breaking News
  • Year of Considerable Progress For Dairy Crest Dairy Crest, the UK dairy group, increased revenue by 10% to £456.8 million and adjusted profit before tax increased by 2.8% to £62.3 million for the year ended 31 March 2018, compared with the previous year. Dairy Crest’s Cheese & Functional Ingredients business increased revenue by 8.8% to £277.2 million while revenue at the Butters, [...]...
  • Edrington Unveils the New Home of The Macallan Edrington, the international premium spirits company, has revealed the new distillery and visitor experience for The Macallan brand. The new distillery and visitor experience is located on the stunning Easter Elchies estate in Scotland, which has been home to the leading luxury single malt since 1824. From humble beginnings, the brand has risen to become [...]...
  • Nestlé Strengthens its Research Capabilities in Switzerland Nestlé has announced changes that further strengthen its research and development operations, the largest of any food company worldwide. Nestlé will bring together its two scientific discovery units, the Nestlé Research Center and the Nestlé Institute of Health Sciences, to build one impactful organization, Nestlé Research. The combination of two world-renowned research facilities with highly [...]...
  • Algaia Receives €4 Million Boost Algaia, will accelerate development and install a new specialty seaweed extract production unit at its Lannilis (Brittany-France) manufacturing facility dedicated to specialty algae extracts. The company’s main shareholder, Maabarot Products, has injected an additional €4 million in equity to support further expansion of the production facility and innovation center located in Saint-Lo (Normandy-France). Algaia works with local [...]...
  • Smarter Factories – Safer Working In food produce environments and packhouses, the benefits of automation when it comes to workforce health and safety are uncontended. From eliminating arduous and repetitive tasks to working uninterrupted within inhospitable chilled settings, robots are most certainly the future. Case loading specialist Brillopak and industrial automation pioneer Omron explore how smart robots, hardware and software can [...]...

English Frozen Foods Deal Collapses

January 27
12:02 2011

The sale of the Northumberland Foods factory at Amble by the administrators to Newcastle-based frozen foods company Longbenton Foods has collapsed. Before falling into financial difficulties, Northumberland Foods was manufacturing frozen vegetable products for clients including Tesco, Sainsbury and Iceland at its factory at Amble. It also had a second factory at Morpeth.

Longbenton Foods appeared to have acquired the assets, land and buildings previously owned by Northumberland Foods in Amble from the administrators Begbies Traynor. Indeed, the site at Amble had restarted production with 70 former staff being re-employed.

However, although contracts were exchanged and a deposit paid, the deal has now fallen through as Longbenton has failed to pay over the balance despite being granted a number of extensions to the original deadline.

When Longbenton Foods again failed to raise the necessary funds to complete by December 22nd 2010, the administrators served a notice to complete, which has now expired with the Longbenton Foods still not in a position to complete.

The administrators consequently decided, given Longbenton Foods’ continued inability to raise the necessary funding to complete the transaction, to rescind the contract.

Begbies Traynor is now pressing ahead with the marketing and sale of the business, including its plant and machinery and the property situated at Amble. It is hoped that a purchaser can be found who is able to recommence production in Amble and the administrators are eager to talk to any interested party and will work with the local council so that the jobs which the business previously provided can be restored.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 1, 2018Gluten Free Expo Slovakia
  • June 3, 2018Vinoble
  • June 4, 20188th WSO World Congress on Stevia Tasteful 2018
  • June 17, 2018The Excellence of Italian Food and Wine (Bellavita Expo)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements