By Alec Mattinson2021-04-28T21:13:00+01:00
A wholesale food supplier to restaurants and the food service industry has been rescued from administration following the “devastating” impact of the pandemic.
Serious Foods, which has supplied ingredients to the hospitality and restaurant industry for a decade, has been bought by First Choice Produce to save the jobs of its 23 employees.
Administrator ReSolve was appointed earlier this month after the coronavirus pandemic had a “particularly devastating effect on the sectors that were the company’s primary customers”.
ReSolve said that the company experienced cash flow challenges leading initially to a CVA and when contributions could not be met, ReSolve was appointed administrators for the business.