UK: Rectory Foods collapses into administration
Wholesale meat supplier Rectory Foods has collapsed into administration.
Business recovery firm Leonard Curtis has been appointed administrator at Manchester-based rectory, which has been trading since 1996 and fell into administration last month, show accounts filed at UK Companies House.
The group's collapse comes less than 18 months after it restructured its business to create a separate ingredients division, as part of a strategy to reduce exposure to meat.
Neither Rectory's founder and MD, Charles Woolley, not a spokesperson for Leonard Curtis, were immediately available for comment when contacted by just-food today (7 January).
Woolley appeared confident in the firm's prospects in an interview with just-food published in August 2011. Of the new ingredients division, he said: "Rectory Foods as a group ended this financial year to 31 July at GBP45m [in sales]. I would expect that the ingredients division would be able to match that certainly within five or six years."
Rectory also has a subsidiary business in Lithuania.
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