This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

https://servedby.flashtalking.com/click/2/82776;2714294;369307;211;0/?ft_width=1&ft_height=1&url=16151650

SFP appointed administrator of ailing abattoir

10 January 2012

SFP, the nationwide insolvency practitioners, has been appointed Administrator of Lincolnshire Prime Meat Company after the firm encountered financial difficulties, leading to debts of almost £1.4 million

Lincolnshire Prime Meat Company, based in Skegness, Lincolnshire, was a multi-species abattoir that concentrated mainly on pigs and had at one stage a throughput of 1,600 animals a week.

The firm employed 26 people and had an annual turnover of approximately £12 million. SFP’s Daniel and Simon Plant – both licensed members of the Insolvency Practitioners’ Association – were appointed Joint Administrators on 5th January 2012.

The recent cash-flow difficulties have caused a cessation of trading, as Simon Plant, Group Partner at SFP, explains: “Despite working with a number of significant customers and having a substantial turnover, Lincolnshire Prime Meat company was unable to continue trading after under financing led to cash-flow issues.

“We are currently in discussions with various interested parties for a sale of the business and assets.”


Print this page | E-mail this page

RELATED CONTENT...


Article image Quality coffee on the rise

After a £2.5 million investment in its Dartford site, UCC Coffee has doubled its roasting capacity and can now offer much more variety for their customers.Full Story...

Article image Industry isn’t putting its eggs in one basket

Dr Arnoud van Vliet, head of Campylobacter research group at the Institute of Food Research, looks at the Campylobacter problem and how industry can work together to solve it. Full Story...

Asda’s Simply Roast in the Bag chicken flying high with FFP

Unison against meat inspection change

World’s first stem cell burger unveiled

RELATED SPONSORED ARTICLES...


Article image Asda’s Simply Roast in the Bag chicken flying high with FFP

Great-tasting, succulent whole chicken, ready to be roasted in the bag with a variety of delicious added-value flavours have hit the chiller cabinets in Asda as part of their Butcher’s Selection range, with new ovenable printed packaging produced by FFP. Full Story...

Article image Snowbird management buys big ideas company

Snowbird foods has new owners. The manufacturer of fully cooked and frozen sausages, meat balls and other comminuted meat products has been bought by its management team.Full Story...

A high speed hot dog, New York style

Snowbird rides out horsemeat scandal

Report links processed meat consumption to premature death

MOST VIEWED...


Article image Anheuser-Busch InBev’s distribution strategy model

Over the past 10 years Anheuser-Busch InBev (A-B InBev) has grown its global distribution network using a strategy which goes against the grain for traditional brewery specifications. In place of cost and time intensive permanent structures, it has adopted a design-driven approach in partnership with Herchenbach, a manufacturer of temporary buildings and semi-permanent warehouses. Full Story...

Article image What role does refrigeration play in the supply chain?

Controlling the temperature of food across the whole supply chain is vital to extend shelf life. But how much can be gained by food manufacturers through careful monitoring at all process stages?Full Story...

Getting the best out of PLCs

Gently does it

Time to take steps to reduce plastic waste

http://www.fponthenet.net/whitepapers.aspx?ShopItemID=1231