Thu, 17 Aug 2017 | ADMINISTRATION
A family-run business based in Tonbridge, Kent, has gone into administration at the cost of around 260 jobs.
Southern Salads, which has ceased trading with immediate effect, specialised in supplying fresh salads to supermarkets, restaurants and travel chains across the UK.
Ian Vickers and Chris Stevens, partners at FRP Advisory, have been appointed joint administrators, and stated that their most pressing priority was to make sure all those who have been made redundant were fully supported with their claims to the Redundancy Payments Service.
"Southern Salads, a family-run Kent-based business, had traded for around 30 years, and managed over the years to deal with the increasingly competitive pricing pressures from supermarkets and other retail chains faced by all food supply businesses.
"Despite successfully producing over 50 tonnes of salad per day for its array of customers, the company faced an unprecedented pressure on cash flow in the immediate aftermath of last summer’s EU referendum vote.
"The company was unsuccessful in negotiating any significant changes to its pricing terms with its suppliers in mainland Europe, while also being unable to pass on its cost increases to supermarkets and its other customers," said Mr Vickers, adding that the company relied on European suppliers for their produce.
Tom Tugendhat, the MP for Tonbridge and Malling, expressed his regret over the closing of the company.
Contact the administrators here
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The company offers a complete range of products, including ambient foods (40%), frozen foods (25%), chilled foods (20%), general confectionery (10%) and disposables (5%).
The company is a reputable and well-established manufacturer and distributor of signage and labels for use across various industries, including education, construction, healthcare and commercial sectors.
Having built up the business over the course of a decade, our clients are now offering the company for sale to facilitate further growth under the impetus of new ownership. Has made substantial investments in state-of-the-art equipment and has obtain...
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