Food-to-go supplier Adelie Foods has put the jobs of more than 2,000 workers at risks after the business moved into administration.
According to Sky News, Adelie Foods has called in restructuring firm Deloitte to oversee a potential takeover, with a number of other food manufacturing companies, such as Samworth Brothers and Greencore, among a list of businesses looking to buy it out of administration.
Adelie, which supplies sandwiches and other food products to high-street chains such as Café Nero, has said to have been in talks with potential buyers for a number of weeks after the business continued to struggle during the coronavirus pandemic.
“The impact of Covid-19 on the company’s order book resulted in a material funding requirement and, as a result, we have been working hard with Adelie’s management to try and secure a buyer to ensure the right longer-term future for the business.”
A significant percentage of staff at Adelie Foods had been placed on furlough leave since March as part of the Government’s Job Retention Scheme.
Rob Harding, restructuring partner at Deloitte, said: “The current pandemic is having a devastating effect on consumer-facing businesses and suppliers into them, such as Adelie.
“The impact of Covid-19 on the company’s order book resulted in a material funding requirement and, as a result, we have been working hard with Adelie’s management to try and secure a buyer to ensure the right longer-term future for the business.”
