
17-10-2011, 03:18 PM
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Pet Forums Senior Member
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Join Date: Feb 2011
Location: Plymouth,devon
Posts: 501
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Re: Forthglade gone into administration
sounds like they have been saved
Quote:
Devon pet food specialist Forthglade Ltd, which was placed into administration on September 13, has been sold as a going concern in a management buy-out to Forthglade Foods Ltd.
The directors of Forthglade Foods are Chris Brooking (formerly general manager of Forthglade Ltd), Bruce Palmer (long-time director and chairman of Forthglade Ltd) and Gerard Lovell.
A spokesman for corporate rescue and recovery specialists Begbies Traynor said the sale meant the ‘best possible outcome for creditors’ and secured the jobs of its 55 staff.
Ian Walker and John Kelly of Begbies Traynor were appointed administrators after HM Revenue and Customs petitioned for the 40-year-old company to be wound up for debts in the region of £250,000.
As a result of the sale, Forthglade – which produces the Natural Menu and Natural Lifestage ranges of pet food – will continue to operate from Winkleigh in mid-Devon. Supplies will be maintained to the national and international pet food wholesalers and retailers.
Ian Walker said: “I am delighted that we have been able to save this well-established Devon business and 55 jobs. During perilous economic times, this is a welcome piece of good news for the region – and for Winkleigh.”
Director and site manager of Forthglade Foods Chris Brooking said: “We are very excited about the future here. Our strategy will see the business go from strength to strength. We are delighted to be able to continue to provide employment at our base in Winkleigh and we will maintain the business’s commitment to produce quality products for local, national and international customers.”
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Also Mummy to: 2 GSD's,2 cats, pond fish, bearded dragon and lots of birdies
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