Kerryfresh, the chilled and fresh foods supplier, has gone into administration, leaving hundreds of retailers short of supply and out of pocket.
Allan Graham and Ben Wiles of Duff & Phelps, were appointed joint administrators to the van sales business, which traded from 19 sales centres and a distribution centre in Manchester, providing a national delivery network supplying chilled products to the convenience sector. The company had more than 200 refrigerated vehicles and 300 employees.
Graham said: “The business was impacted by the failure of Palmer & Harvey in November last year. The ongoing financial pressures it was facing alongside the loss of these customers meant that it had a significant funding requirement.
“The company’s management team have been trying to secure additional investment into the business or find a purchaser for the company but both strategies proved unsuccessful and insolvency became unavoidable,” he added.
“Our immediate short-term strategy is to exhaust all remaining options as quickly as possible in respect of potential buyers that may seek to re-start the business in short order, whether that is for the whole business or in parts.”
Kerryfresh sold goods such as meats, dairy, fruit & veg, snacks and sandwiches through its Fresh to Store website and van teams. The company partnered with Nisa, Booker, Best-one, Costcutter, Landmark Wholesale, Parfetts, Today’s and other wholesale and retail groups.