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Search for troubled food firm deal continues

ADMINISTRATORS of a collapsed Northumberland food firm yesterday said the initial interest from prospective suitors of the business last month had failed to result in a rescue deal emerging.

Amble-based Northumberland Foods Amble ceased trading last month, with its 250 staff being made redundant after the troubled company fell into the hands of the administrators.

The frozen potato business had attracted interest from a number of parties, including firm interest from a potential buyer which moved close to a deal before it broke down at the 11th hour.

Yesterday joint administrator Andrew Haslam, from Begbies Traynor, said: “Unfortunately, the initial expressions of interest in acquiring Northumberland Foods as a going concern have not proved to be successful.

“With our appointment as administrators to [parent company] Amble Asset LLP, we are now in a stronger position to attract interest from parties proposing to utilize the assets in some way.”

Amble Asset LLP owns the substantial property, plant and machinery of frozen potato product manufacturer Northumberland Foods, based in Amble near Morpeth.

This was posted in Bdaily's Members' News section by Ruth Mitchell .