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Silver Spring enters administration

1 commentBy Laurence Gibbons , 12-Oct-2012
Last updated on 15-Oct-2012 at 14:24 GMT

There's an unclear future for the Clear brand
There's an unclear future for the Clear brand

Silver Spring Soft Drinks has entered administration as a result of experiencing “creditor pressure and cash flow problems”, according to the administrator Zolfo Cooper.

The administrator will run the company while exploring “all possible options” for the future of the business, including a sale as a going concern.

Kevin Coates of Zolfo Cooper, said: “Unfortunately, the company has experienced increased cash flow pressures in recent months. Management has explored various options for the business including a sale and a CVA [corporate voluntary arrangement], without success. As a consequence, the company was placed into administration.”

'Well-known brands'

The Kent-based company currently employs approximately 80 staff and owns a number of water brands such as Perfectly Clear and 1870.

Coates added: “We will consider all options available and we believe the company is an attractive proposition, particularly given the strength of its well-known brands. Expressions of interest from potential buyers are welcome.”

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1 comment (Comments are now closed)

Shame

This company produced what I consider one of the best 'cloudy' lemonade drinks. It was sold throughout Co-op's stores.

Alas we may never have it again!

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Posted by Stuart Taylor
12 December 2012 | 17h47

03:43 pm 16 September 2014