Licensed Insolvency Practitioners With National Coverage
An innovative “Green” dairy called Mona Dairy has gone into administration as they have been unable to raise the required funds..
The £20 million dairy started operating in 2020 and can produce more than 30,000 tons of Welsh and continental cheeses every year.
Over 30 local dairy producers had been supplying the plant with milk.
The net-zero dairy employs around 50 staff at the Mona Industrial Park and was supported by a £3m grant from the Welsh Government.
The Dairy is powered by renewable energy and launched the UK’s first BEV (Battery Electric Vehicle) tractor and trailer for milk haulage.
A statement on the dairy’s website said Anthony Collier and Phil Reynolds of FRP Advisory were appointed as Joint Administrators of Mona Island Dairy Limited on 7 June 2024.
“The Joint Administrators are currently exploring options of Mona Island Dairy Limited, and separately will be in contact with all known creditors in due course,” it added.
This is not the first “green” company that has gone bust over the last few years. Many have run into difficulty as they often have high start up costs and receive grants that gets them through the first years. Customers also sometimes do not have the same loyalty or “zeal” for the company’s green credentials as the owners.