Fri, 05 Oct 2018 | BUSINESS SALE
Banham Poultry, based in Attleborough, Norfolk has been put up for sale, and is inviting offers to provide a new home for the company.
Considered one of Norfolk’s largest employers with approximately 1,000 direct members of staff and a further 2,000 in the supply chain, Banham Poultry produces, hatches and rears its own chicks, before supplying chicken to some of UK’s major supermarkets and wholesalers.
Established in 1965 as a family-run business, the company has since gone on to achieve a turnover of roughly £100 million per annum.
During the Norfolk Farming Conference in February, the company announced that it had hit a milestone in processing an average of one million chickens per week, and was en route to a turnover of £130 million by the end of this financial year.
Presently there are two bids for Banham Poultry; one will keep the business running in Attleborough while the other aims to move production to a new location.
The company’s chief executive Martyn Bromley said: “We’re in negotiation to find the right home for the business,” and added that he was looking to find someone who could run the family business “more efficiently”.
Bromley has sought the support of leading banks and Ernst & Young to ensure that all suppliers and employers are fully paid until a transaction is finalised.
Earlier in the week, Conservative MP for Mid Norfolk George Freeman tweeted that the business had fallen into administration; he was soon corrected by Bromley who claimed that it was a “complete misunderstanding”, rather the company is in talks to secure a new owner.
For more news stories about businesses for sale, click here. For all our business sale listings, click here.
Our client, with a legacy spanning over 35 years, has crafted an exceptional brand and market-leading business in the world of organic wines. Now, due to retirement plans, they are seeking the perfect successor to carry forward their legacy.
A very well established business, which has been under the same ownership for over 30 years (and within the family for 30 years prior to that) and has only been made available for sale due to the pending retirement of our client.
Established in 2010, the company is a successful and profitable tea and coffee business with two sites both located in central London. Both businesses open Monday to Friday with one site also opening over the weekend.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.