05/07/2011
Food Jobs Lost
Some 40 jobs have been lost at a Northern Ireland meat processor, but administrators for the stricken business are hopeful of finding a buyer who may rehire former workers. Tenderlean, in Derrylin, Co Fermanagh, was bought out of administration in April 2010, but was driven to the wall again this summer as a result of cash flow problems.
Administrator Peter Allen of Deloitte said: "There was no funding to trade the business so everybody has been made redundant.
"There are very serious expressions of interest and we're looking at those at the moment. It's a very good, high-spec facility that can cope with volume. It's very modern and bespoke with very good kit, much of which is financed.
"It's clean and well kept and the facility has the potential to do something. Management's view would be there were sufficient orders in place to get up to a scale that would have made it fairly profitable, but they didn't have the working capital," he said.
(BMcC)
Administrator Peter Allen of Deloitte said: "There was no funding to trade the business so everybody has been made redundant.
"There are very serious expressions of interest and we're looking at those at the moment. It's a very good, high-spec facility that can cope with volume. It's very modern and bespoke with very good kit, much of which is financed.
"It's clean and well kept and the facility has the potential to do something. Management's view would be there were sufficient orders in place to get up to a scale that would have made it fairly profitable, but they didn't have the working capital," he said.
(BMcC)
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