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