Longbenton Foods’ Benton Lane site in Newcastle proved impossible to sell as a going concern due to its mammoth size and outdated layout, its administrator has told FoodManufacture.co.uk.
Despite better margins for food buyers using online auctions, suppliers remain worried by low price points and the possible lack of a long-term supply relationship, while one large food firm said that it was sometimes easier to “simply pick up the phone”.
Thorntons has made some significant savings through using online auctions to procure raw materials and some ‘bought-in’ products, buyers have revealed.
