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250 jobs lost in Amble
STAFF at Northumberland Foods in Amble lost their jobs this week as the company went into administration with 250 peopel now out of work.
Joint Administrators from Begbies Traynor were appointed earlier this week.
Advanced negotiations were underway with a potential purchaser, however, despite the best efforts of all parties involved, the deal failed.
The Joint Administrator said: "Though the company was loss making and facing cash flow problems, we have been working hard to secure a sale to an interested party which would have rescued the company and saved the entire workforce.
"Unfortunately, despite the hard work and commitment of all concerned, this has not proved possible with negotiations failing at the eleventh hour. Given the lack of interested parties and the company's substantial funding requirement in order to continue trading, we have been left with no alternative but for the company to cease trading immediately."
Representatives from Job Centre Plus will be on site to offer advice to employees.
Northumberland Foods Limited manufactures frozen own label potato products and supplies retail customers including Tesco, Sainsbury's and Iceland as well as the food service sector. Established in 2008 following a management buyout of Cheviot Foods, it had a turnover of 20m last year and is known as an innovator within the frozen food industry.
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Weather for Northumberland
Sunday 12 February 2012
Today
Light rain
Temperature: 2 C to 7 C
Wind Speed: 10 mph
Wind direction: North west
Tomorrow
Cloudy
Temperature: 4 C to 9 C
Wind Speed: 25 mph
Wind direction: North west
