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Administrators appointed to GRH Food Company

Administrators appointed to GRH Food Company

Paul Dumbell and David Costley-Wood at KPMG were appointed as Joint Administrators to GRH Food Company Limited.

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Paul Dumbell and David Costley-Wood at KPMG were appointed as Joint Administrators to GRH Food Company Limited (‘GRH’), a Snowdonia-based cheese processing business, on Monday 24 June 2019.

The family-owned firm supplies cheese products to retail, wholesale and food service industries in the UK and international markets. GRH was established in 1989 and employed 86 staff from its base at Snowdonia Business Park.

The Joint Administrators were appointed to GRH after the company suffered cash flow issues and was unable to meet its financial obligations as they fell due. The majority of staff were made redundant shortly before the appointment. Four members of staff have been retained in the short term to support the administration process.

Paul Dumbell, Joint Administrator said: “GRH was an ambitious business that had grown in recent years, but the squeeze of increased costs and liabilities put too much pressure on its finances. Despite efforts to market the business for sale, a buyer could not be found, which led to the administration.

“Although the facility will not trade during the administration period, we continue to explore all options for this multi-million-pound production facility.”

ENDS

Notes to Editors:
Asset enquiries should be directed to: Kiran Reddy (Kiran.reddy@kpmg.co.uk)
Creditor and supplier enquiries should be directed to: Nick Birtle (Nicholas.birtle@kpmg.co.uk)
Employee enquiries should be directed to: Diane Price (Diane.price@kpmg.co.uk)

For media queries only, please contact:
Alastair Henry, Citypress (on behalf of KPMG)
0161 235 0320
alastair.henry@citypress.co.uk

KPMG Press office
Tel: +44 (0) 20 7694 8773

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
 

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