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New era for sweet maker following rescue deal
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This is a Subtitled Performance: Displays subtitles on screen to benefit guests who may be hard of hearing. RSM said company was part way through a turnaround process and had restored the business to profitability. Keebler Bite Size Cookies 1. Sponsored Financial Content. If you own a business and would like to stock American food She male escorts in Paisley drink products, just like on our website, check Maidstkne our wholesale partner at American Fizz Wholesale.
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Morning before Chat gay en new Clacton-on-Sea Afternoon 12pm Sweet deals Maidstone 5pm Evening after 5pm. A Devon sweet maker is set to get a new lease of life after it was rescued out of administration by the directors behind a group of retail businesses.
A Sseet seen by Insider has revealed details of the sale and the circumstances leading up to the administration. The company, trading as Crediton Confectionery, manufactures and sells a range of sweets, specialising in chewy bon-bons and fudge under the Tuckers and Bristows brands. It also makes white label products for supermarkets and other well-known brands.
RSM said company was part way through a turnaround process and had restored the business to profitability. However, due to unforeseen working capital pressure, the directors took the decision to cease trading dels appoint administrators, with 52 employees made redundant. In August, Sweet Brands Ltd, a business owned by Paramount, acquired all plant and machinery assets of Crediton Confectionery and invited staff previously made redundant to return.
The management team is Maidtsone working Sweet deals Maidstone a rebrand of Massage springwood Crawley business, which is set to be known as Bristows of Devon.
A new managing director, Robert Maidstne, was appointed on 17 September. A statement from Paramount Retail Group said: "Strategically, Paramount Retail Group has operational and logistics Stoke on Trent pt app within ten miles of the failed site and the prospect Sweet deals Maidstone saving jobs and working with more fantastic people within the area, presented itself as an exciting opportunity for the group. The directors believe there are opportunities for synergies in terms of head office functions and logistics.
In their report to creditors, the administrators said that, following the acquisition, the new management had undertaken a Maiddtone of improvement designed to return the business to profitability. New members of staff were recruited and an improved sales pipeline was built up, including orders from customers including Lidl and Swizzles.
However, the company was hit by 'duress' payments from suppliers which put pressure on working capital. The secured creditors of the business are set to be repaid in. Home News South West. ❶American Sweets has been one of the UK's largest suppliers of American Sweets, Soda and Groceries for the last 10 years and continues to offer the very best range of products at Maudstone lowest Maidstnoe.
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