Updated: 2nd December 2019
Dorset County Foods Limited is a traditional catering firm supplying the south of England with an established customer based built over 25 years’ trading. The company employs nine members of staff and has built up an international reputation for supplying high quality cured meats.
Due to the customary seasonal differences in trade figures, the company had always struggled with cash flow and it became apparent that their issues were starting to worsen. They undertook some serious cost-cutting exercises but to no avail. The company was soon deemed insolvent and contacted Real Business Rescue for advice.
Dorset County Foods Limited was placed briefly into administration in order to allow the pre-pack sale to take place, with Ian Walker of Real Business Rescue (part of the Begbies Traynor Group) appointed administrator on Friday 18 September 2015.
Eversfield Organic Ltd, which farms 450 acres on the edge of Dartmoor, purchased Dorset Farms’ goodwill, plant and machinery and stock for an undisclosed sum. All of Dorset Farms’ nine staff retained their jobs and continued working at the business’ existing site in Beaminster.
Mr Walker said the business had a secure future under its new ownership.
“ I’m delighted to announce the sale of this fantastic business. It means that not only is Dorset Farms’ future safeguarded but it also enables Eversfield Organic Farm to offer a broader range of ethically produced and traceable products to its existing customer base. ”
3rd August 2021
The UK’s construction industry is facing a “perfect storm” of supply shortages in the coming months, which will likely leave companies struggling to meet demands for their services.Read More
28th July 2021
The number of UK companies in positions of ‘significant financial distress’ were up 24 per cent at the end of the June 2021, as compared to the same point of last year.Read More