Food manufacturer, Pasta Reale, is in administration – 169 jobs lost

27 August 2014

The crawley-based manufacturer went into administration yesterday (26th August) after several months of loss-making. 


The company’s factory produces fresh pasta, including gnocchi and lasagne, as well as filled pasta products. Harrods and Waitrose are among some of their previous customers. 


Matthew Tait and Kim Rayment of BDO were appointed joint administrators and are now seeking a potential buyer for all or parts of the business. Unfortunately, 169 members of staff have had to be made redundant. 


Matthew Tait commented, “The company experienced a gradual loss of custom over the past year and, as a result, has experienced a deterioration in its working capital position.”


“Despite the best efforts of the company’s directors and stakeholders in the past months, the directors were left with no option but to place the company into administration.”


“Going forward, we will seek to achieve a sale of the company’s facilities and assets and maximise recoveries for creditors.”


We are not involved in the administration and questions should be directed to BDO who are handling the administration.


If you are an employee of the business, please listen to the video below as it will tell you your rights as an employee of an insolvent business.  There is a link at the end of the video to the Government website which expands further on what you need to know.
 


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