All 300 workers are to be made redundant at the Derby-based company. Last week, administrators from Deloitte were called in after the firm felt there was no other option. S&A Foods, which specialises in Asian ready meals, recently lost a large contract with Asda and claim this was the main reason for their decision. Putting a significant dent in the cash flow, operations stopped shortly before entering administration as several ingredients had run out.
CEO Perween Warsi said in a statement, “We have worked desperately hard to try and save the business in a very short space of time, but, having explored many different options and rescue packages, we have no alternative but to appointment administrators.”
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. We are not involved in the administration and questions should be directed to Deloitte who are handling the administration.