Specialist premium party food manufacturer Frank Dale Foods Limited has called a creditors’ meeting for 28 February 2017 to appoint a liquidator. Norwich based business rescue and insolvency specialists McTear Williams & Wood is acting on behalf of the Company.
The Company employs 57 staff at its factory in Bunwell, South Norfolk whose jobs are now at risk.
Established in 1994 the Company traded successfully for many years but experienced a downturn in 2016 caused by production difficulties servicing sales after a period of significant growth. The resulting trading losses put strain on cash flow and efforts to refinance proved unsuccessful.
Frank Dale Foods Limited is best known as an upmarket manufacturer of savoury and dessert canapes, quiches and tartlets. It has won a number of national awards and in 2012 provided products for Her Majesty the Queen’s Jubilee.
Nigel Cushion, Chairman of the Company, said “sadly time has run out for the Company but we are hopeful that a buyer can be found for the business and assets so jobs can be saved and that is the Board’s main focus now”.
The Company will continue to trade up to liquidation in the hope that a buyer can be found for the business and assets as a going concern. Andrew McTear said ‘We are working with the board of directors to market the business and assets for sale and have already received serious interest. Anyone interested in buying the business should contact us immediately on 01603 877540’.
