google-site-verification: googlec7193c3de77668c9.html

Farmers owed £1.6m unlikely to be paid after administration

Joint administrators Anthony Collier and Phil Reynolds of FRP Advisory were appointed on 7 June and said they were “exploring options” and would be in contact with all known creditors “in due course”.

Ronald Akkerman, the dairy’s chief executive and co-founder, said administrators have two large, secured creditors so “the likelihood of any distribution to unsecured creditors is very small”.

He added that plans were under way for a “rescue plan” with the aim being “an offer to farmers for full settlement, conditions to be confirmed”.

He said about £1.6m was still owed to farmers for three weeks of milk supply, adding: “We will do whatever is in our power to take the business out of administration and back into operation.”


Source link

Views: 0

See also  'Holwch ysgol os oes lle i blant cyn gwrthod cais rhieni'

Check Also

Pencampwriaethau seiclo yn dychwelyd i Geredigion yn y gwres

Yn ôl Jonathan Day, cyfarwyddwr digwyddiadau ar gyfer British Cycling, yn dilyn “llwyddiant ysgubol” pencampwriaethau …

Dau fu’n helpu wedi i fws droi drosodd yn disgrifio’r ‘llefain a sgrechian’

Mae’r ffermwr lleol Jacko Thomas yn rhentu’r cae lle laniodd y bws. Dywedodd ei fod …

Barbarians v Wales: Hooker Elliot Dee prepares to play against home nation

Dee has embraced the new experience and believes the Barbarians can survive in the professional …

Leave a Reply

Available for Amazon Prime
New wordpress website is being built and will be published soon. Just a moment....