The owner of the UK sausage brand Maddock’s has gone into administration after 70 years of business.
Lockwoods Liverpool Ltd., which has a registered office in Wirral. near Liverpool, entered into administration proceedings on 15 November, according to documents posted on the website of Companies House, the government body that comes under the remit of the Department for Business, Energy and Industrial Strategy.
Founded in 1948, Lockwoods manufactured meat and poultry products, including Maddock’s sausages, other cooked meats, and pies. The company employed 40 workers in 2017, its annual accounts made up to 31 May and registered with Companies House showed.
While those records, signed by directors Douglas and Ian Maddock, contained no details of revenues, profits or losses, they indicate Lookwoods owed more than GBP400,000 (US$509,125) to creditors.
Meanwhile, Liverpool-based insolvency practitioners Parkin S Booth & Co. have been appointed as administrators. When contacted by just-food today (6 December), a spokesperson said the firm is in the process of putting together proposals for Lockwoods which should be out sometime in the next week.