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Banham Poultry
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<blockquote data-quote="JCMaloney" data-source="post: 5657324" data-attributes="member: 2821"><p>As above it was sold in a "pre-pack" deal to Chesterfield Poultry. </p><p></p><p>From the BBC website...............<a href="https://www.bbc.co.uk/news/uk-england-norfolk-46072412" target="_blank">https://www.bbc.co.uk/news/uk-england-norfolk-46072412</a></p><p></p><p>"A creditors' report by the accountants Duff & Phelps said Banham had a total debt of £40m, owed to about 700 companies and organisations.</p><p></p><p>Lloyds Bank is owed £19.7m but is in line to be repaid £9m, according to the report.</p><p></p><p>It also found that trade creditors, which include chicken hatcheries, cleaning firms, transport companies and recruitment agencies, are owed £15m.</p><p></p><p>The company pension fund is owed £5.1m.</p><p></p><p>Trade creditors are likely to be repaid only four pence for every pound they are owed, according the administrators.</p><p></p><p>One farmer, who wanted to remain anonymous, told the BBC he had supplied chicks to Banham for many years.</p><p></p><p>He was owed "hundreds of thousands of pounds" and was expecting to receive "virtually nothing" from the administrators.</p><p></p><p>"The news [about Banham] came out of the blue," he said. "It's a big blow but we will have to try and trade our way out of it." "</p></blockquote><p></p>
[QUOTE="JCMaloney, post: 5657324, member: 2821"] As above it was sold in a "pre-pack" deal to Chesterfield Poultry. From the BBC website...............[URL]https://www.bbc.co.uk/news/uk-england-norfolk-46072412[/URL] "A creditors' report by the accountants Duff & Phelps said Banham had a total debt of £40m, owed to about 700 companies and organisations. Lloyds Bank is owed £19.7m but is in line to be repaid £9m, according to the report. It also found that trade creditors, which include chicken hatcheries, cleaning firms, transport companies and recruitment agencies, are owed £15m. The company pension fund is owed £5.1m. Trade creditors are likely to be repaid only four pence for every pound they are owed, according the administrators. One farmer, who wanted to remain anonymous, told the BBC he had supplied chicks to Banham for many years. He was owed "hundreds of thousands of pounds" and was expecting to receive "virtually nothing" from the administrators. "The news [about Banham] came out of the blue," he said. "It's a big blow but we will have to try and trade our way out of it." " [/QUOTE]
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