date:Sep 16, 2013
ny which has revenues of 30m. Some of the interested parties have already stepped forward over a possible acquisition of the business.
Duff Phelps partner and joint administrator David Whitehouse said: The business model has changed over recent months and whilst better margins were achieved by sourcing product directly from growers, reduced credit terms and delays in seasonal customer orders led to a significant short-term cash requirement which ultimately could not be bridged.
Trigon Snacks