Contact: Pamela Shabi
Deloitte
PR manager
+44 20 7303 0587
The Administrators of Bomfords Limited, Dominic Wong, Andrew Peters and David Langton of Deloitte, announce that the sale of the business and assets was completed on 31 July 2007. The farming business, including the pack house at Salford Priors, was sold as a going concern to Sandfields Farms Limited, and the pack house at Atherstone was sold as a going concern to The Veg Table Limited, part of the Wealmoor Group, for an undisclosed amount.
The Joint Administrators were appointed over MBN Bomford Limited, Bomfords Limited and W Bailey Limited on 22 June 2007. Since then Deloitte’s Reorganisation Services team has continued to trade the business whilst negotiations for a sale were conducted.
Dominic Wong, partner in Deloitte’s Birmingham office said: “We are pleased to announce that these transactions will safeguard at least 1350 jobs. Customers, suppliers and employees of the companies have been extremely supportive during the period of administration trading. This successful outcome is a testament to the hard work of the workforce and our team under very difficult circumstances.”
"Unfortunately, a purchaser could not be found for the business of W Bailey Limited despite extensive marketing. As a result, this business is in the process of being wound down."
Andrew Peters, Partner at Deloitte, commented "This was one of the most complex and demanding insolvency assignments we have dealt with in recent years, which involved balancing the interests of several stakeholders and maintaining the confidence of the company's major supermarket customers and its UK and overseas supply chain. I am delighted that after 6 weeks, we have managed to find a solution that safeguards the majority of the business and preserves most of the jobs."
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