Silver Spring enters administration

By Laurence Gibbons

- Last updated on 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.”

Related topics: Business News

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1 comment

Shame

Posted by Stuart Taylor,

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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