Following their appointment, the administrators sold the business and its assets, primarily the three acre freehold site with 80,000 sq ft factory and plant and machinery in Cinderford, to Foyle Food Group Limited. The sale has secured the jobs of all 136 employees at Ensors, who will transfer over to Foyle.
Steve Leyman, Managing Director of Ensors, said: “The Foyle Food Group is a very progressive family business and have pledged their support to the workforce and beef producers.”
Will Wright, joint administrator and restructuring partner at KPMG said: “After suffering cashflow problems due to the loss of a significant contract and investment in an acquisition that failed to deliver the anticipated benefits, this long established family business was unable to continue trading and a solvent sale was not possible due to the levels of debt in the business.
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