Menu
09/01/2006
Golden Wonder placed in administration
Crisp manufacturer Golden Wonder were placed in administration today following multi-million pound trading losses in the last two years.
Administrators Kroll said the company had suffered “serious trading difficulties” in a market dominated by rival Walkers.
The UK-based firm's difficulties place around 850 jobs at risk.
The firm, whose brands include Golden Wonder, Nik-Naks and Wheat Crunchies, had suffered falling sales in the fiercely competitive snack food sector in recent years.
In 2004, Golden Wonder reported losses of £10.8 million and in a statement by administrators Kroll losses in 2005 were described as "significant."
Kroll said a decision to close the main crisp production plant at Corby, Northamptonshire, where 350 people work had already been taken. When the Corby plant was opened it was one of the world's largest crisp factories.
Other brands owned by Golden Wonder include Ringos and Pot Noodle and a range of other snack foods.
Kroll said that they were looking at all options for the business and were hopeful that a sale could be secured.
(SP/KMcA)
Administrators Kroll said the company had suffered “serious trading difficulties” in a market dominated by rival Walkers.
The UK-based firm's difficulties place around 850 jobs at risk.
The firm, whose brands include Golden Wonder, Nik-Naks and Wheat Crunchies, had suffered falling sales in the fiercely competitive snack food sector in recent years.
In 2004, Golden Wonder reported losses of £10.8 million and in a statement by administrators Kroll losses in 2005 were described as "significant."
Kroll said a decision to close the main crisp production plant at Corby, Northamptonshire, where 350 people work had already been taken. When the Corby plant was opened it was one of the world's largest crisp factories.
Other brands owned by Golden Wonder include Ringos and Pot Noodle and a range of other snack foods.
Kroll said that they were looking at all options for the business and were hopeful that a sale could be secured.
(SP/KMcA)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 August 2016
NI Businesses Urged To Explore Possibilities Of 'Golden Age'
Northern Ireland businesses are being urged to explore the possibilities of the so-called "golden age" in UK-Chinese trade, by a leading expert on government and enterprise in the country. Mark Pinner, China Director at global public affairs firm Interel, was addressing an event about business in China at the Belfast City Hall.
NI Businesses Urged To Explore Possibilities Of 'Golden Age'
Northern Ireland businesses are being urged to explore the possibilities of the so-called "golden age" in UK-Chinese trade, by a leading expert on government and enterprise in the country. Mark Pinner, China Director at global public affairs firm Interel, was addressing an event about business in China at the Belfast City Hall.
24 November 2015
Local Firms Urged To Reap The Benefits Of The 'Golden Age'
Local businesses are being encouraged to reap the benefits of the 'golden age' in UK-China relations.
Local Firms Urged To Reap The Benefits Of The 'Golden Age'
Local businesses are being encouraged to reap the benefits of the 'golden age' in UK-China relations.
03 January 2002
Record number of million pound ‘golden handshakes’
A Labour Research report has revealed that a record number of company executives in the UK received golden handshakes of more than £1 million last year. Among those who received the ‘gifts’ were British Telecom`s outgoing chief executive Sir Peter Bonfield who has been given a pay-off of nearly £1.
Record number of million pound ‘golden handshakes’
A Labour Research report has revealed that a record number of company executives in the UK received golden handshakes of more than £1 million last year. Among those who received the ‘gifts’ were British Telecom`s outgoing chief executive Sir Peter Bonfield who has been given a pay-off of nearly £1.
14 August 2001
Golden Vale takeover gets go ahead
The Kerry Group has been successful in its bid to take over Munster-based Golden Vale. After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
Golden Vale takeover gets go ahead
The Kerry Group has been successful in its bid to take over Munster-based Golden Vale. After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
04 July 2001
GOLDEN VALE CHAIRMAN IN CONFIDENT MOOD
THE Chairman of Golden Vale, Mr Pat McKenna, told shareholders at the AGM that "Much progress was made in furthering the strategic direction of the Group during 2000.
GOLDEN VALE CHAIRMAN IN CONFIDENT MOOD
THE Chairman of Golden Vale, Mr Pat McKenna, told shareholders at the AGM that "Much progress was made in furthering the strategic direction of the Group during 2000.
-
Northern Ireland WeatherThis Evening and Tonight:Clear intervals and occasional wintry showers this evening with local fresh snowfalls and some ice. Overnight as winds ease showers will die back to northern coastal areas. Frosty. Minimum temperature -3 °C.
