An independent brewery has fallen into administration, after failing to pay back its creditors as part of a finance deal known as a Company Voluntary Agreement (CVA).
First Milk has posted an £8M rise in profit since last year in its interim financial report for the six months to September 30 2016, following a “radical transformation” of the company.
Morrisons boss David Potts’s customer focus is paying off – with its food manufacturing capability playing a key role – but much more needs to be achieved if the business is to achieve its potential, according to city analyst Shore Capital.
Small and medium-sized enterprises (SMEs) in the food and drink sector could benefit from an innovative and flexible source of financing if they have previously been rejected by banks, according to a new company launched this week.
The completion of chilled food firm Bakkavör’s refinancing plans has enabled it to move its business strategy forward, ceo Ágúst Gudmundsson has claimed.
Britain’s biggest food manufacturer Premier Foods will seek refinancing over the next six to 18 months to further improve its balance sheet, predicts City analyst Shore Capital.
The two Icelandic food entrepreneurs who founded the own-label food manufacturing business Bakkavör could acquire up to a quarter of the group’s shares, following financial restructuring talks.
Own-label food manufacturer Bakkavör has opened a new facility at its Caledonian Produce site in Bo’ness, West Lothian and started financial restructuring talks with its lenders.
British banks’ failure to understand the food manufacturing sector is choking industry innovation, warned speakers at a conference in London this week.
The City is uncertain about Ranjit Boparan’s plans for Northern Foods, with analysts divided on whether he needs to sell brands such as Fox's Biscuits and Goodfella's to pay down debt following his £342m takeover.
Union leaders have expressed concerns about Ranjit Boparan’s intentions after he completes his £342m takeover of Northern Foods and begins to identify cost savings that could mean office closures or job losses.
Two food firms that closed in early March have been bought out of administration, with new owner Abbeydale Foods re-employing around 80 former staff in a bid to restart production as quickly as possible.
A complex piece of financial restructuring that Premier Foods claims will further improve the health of its balance sheet has been greeted by City analysts as a “welcome step forward” for the heavily indebted company.
Insurance broker Aon Trade Credit has launched a service to help small and medium sized food manufacturers to secure credit insurance, as the risk of...
