Saturday, April 27, 2024

Wakefield milk supplier falls into administration

Gareth Harris and Lee Lockwood of RSM UK Restructuring Advisory LLP have been appointed joint administrators of Fresh Pastures Limited and School Milk UK Limited.

Established in 2006, Normanton-based Fresh Pastures and School Milk supplied diary and breakfast products to thousands of schools, nurseries and councils within 14 local authorities across the UK; and employed 66 employees.

The decision to appoint administrators was made by directors due to difficult ongoing trading conditions and all employees have been made redundant.

RSM was advised by Matthew Brown and Niall Crossley at Gateley LLP.

Gareth Harris, partner at RSM and joint administrator, said: “Unfortunately the business has been loss making for several years, and despite concerted efforts by management it did not prove possible to turnaround performance; or find a buyer for the entire business.

“With further losses predicted over the summer and a large funding requirement imminent, the directors took the difficult decision to close. Schools have broken up for the summer, so we are hopeful that they now have some time to find an alternative supplier before the Autumn term starts.”

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