The company, which also traded as The Ultimate Plum Pudding Company, was placed into administration on February 5 2018.
Insolvency practioner Begbies Traynor has been appointed, with joint administrators being Ian McCulloch and Dean Watson.
Ultimate had been trading for more than 30 years, producing not just puddings but also rum and brandy butters, dessert sauces, and Sri Lankan chutneys under the Demels brand.
Number of issues
McCulloch said: “Ultimate was an established, well-recognised and highly regarded food manufacturer, which has unfortunately ceased to trade due to a number of issues.
“We are currently in the process of marketing the business and assets for sale and, should there be any interested parties, then please get in touch.”
Watson added: “Action has been taken to minimise the impact of the administration on customers and to seek interested parties that may want to continue with this highly respected business. This course of action should assist in maximising the returns to creditors by allowing increased asset realisations.”
As well as producing Christmas and sponge puddings, the business also specialised in own-label products and producing bespoke recipes.
Ultimate supplied products to the foodservice and wholesale sectors. It also produced Famous Grouse Sticky Toffee pudding, Famous Grouse Christmas puddings and Famous Grouse Whisky butter.