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Business Recovery team help save 19 jobs

Our Business Recovery team were recently appointed as Administrators to Cheshire Food Services Ltd following a difficult period of trading which rendered the company insolvent.

Cheshire Foods Services Ltd, which is based in Trafford Park, operated as a supplier of fresh and frozen meat, with its customers primarily being hotels, restaurants, schools and colleges. It delivered nationally to Manchester, Liverpool, Leeds and London.

After a short marketing campaign, an offer was received from Country Food Services Ltd, for the business and assets and this was subsequently recommended for acceptance. The sale completed on 8 July.

Jason Elliott, partner and head of Business Recovery, said: “It is always our aim to secure jobs and maximise the value in the business to ensure the best result for creditors and this has been a good example of how important it is to seek early advice to achieve the best possible outcome.”

“We are delighted that so many jobs have been saved as a result of the sale to Country Food Services Limited.”

Disclaimer

The information was correct at time of publishing but may now be out of date.

Business Recovery
Posted by Jason Elliott
18th July, 2019
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