Welsh cheese company enters administration
1 Jul 2019
Paul Dumbell, director, and David Costley-Wood, partner, at KPMG have been appointed as joint administrators to GRH Food Company Ltd, a Snowdonia-based cheese processing business, which has collapsed after 30 years of operation with the loss of over 80 jobs
1 Jul 2019
The family-owned firm supplies cheese products to retail, wholesale and food service industries in the UK and international markets. GRH was established in 1989 and employed 86 staff from its base at Snowdonia Business Park.
The joint administrators were appointed after the company suffered cash flow issues and was unable to meet its financial obligations as they fell due. The majority of staff were made redundant shortly before the appointment. Four members of staff have been retained in the short term to support the administration process.
Paul Dumbell, KPMG director and joint administrator, said: ‘GRH was an ambitious business that had grown in recent years, but the squeeze of increased costs and liabilities put too much pressure on its finances. Despite efforts to market the business for sale, a buyer could not be found, which led to the administration.
‘Although the facility will not trade during the administration period, we continue to explore all options for this multi-million-pound production facility.’
By Pat Sweet