Leonard Curtis Business Rescue and Recovery can confirm that Simano Foods Limited – the Wigan based food manufacturing business – was placed into administration on 8th May 2018 with Mark Colman and John Titley appointed as joint administrators.
The business entered administration as a result of unforeseen losses on a number of major contracts which meant the company suffered a build-up of trade liabilities.
Legal action was imminent and therefore appropriate steps were taken by the directors to preserve the business.
The administrators concluded a pre-packaged sale of the business to a connected party after an extensive period of marketing. This resulted in the transfer of 11 employees to the new purchasing entity.
Leonard Curtis Business Rescue and Recovery is part of the Leonard Curtis Business Solutions Group (LCBSG).
For further media information, please contact Karen Winstanley or Sue Souter at Souter PR on 01625 839 319 or email email@example.com / firstname.lastname@example.org
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