Update: Administration of Countrywide Farmers Plc | KPMG | UK
close
Share with your friends

Update: Administration of Countrywide Farmers Plc

Update: Administration of Countrywide Farmers Plc

The joint administrators of Countrywide Farmers Plc have confirmed that they have sold 14 of the farming and equestrian retailer’s former stores, safeguarding a total of 169 jobs.

1000

Also on KPMG.com

The joint administrators of Countrywide Farmers Plc have confirmed that they have sold 14 of the farming and equestrian retailer’s former stores, safeguarding a total of 169 jobs.

The 14 stores, which are in locations around the UK, have been sold to various farming and agricultural store operators. A total of 169 Countrywide Farmers employees have transferred to the respective owners of the stores in which they work.

David Pike, partner at KPMG and joint administrator, said: “Following our appointment as joint administrators for Countrywide Farmers, we are pleased that we have been able to safeguard the future of 14 stores, and moreover the jobs of 169 staff. We are hopeful that we’ll be able to achieve four further sales from the remaining trading leasehold stores.

“Regrettably however, as with the majority of administrations, redundancies are unavoidable and a total of 208 people have been made redundant at the company’s headquarters in Evesham, the Defford logistics centre and stores that have closed. With no prospect of going concern sales for 11 of the 15 remaining stores, these will be closing with a final trading date of 20 May 2018. All affected staff have been informed and will be paid up to and including their last day of employment.

“We are pleased that we have been able to trade the stores for this duration to allow the successful sales to take place. We’d like to thank every employee for the support and professionalism they have provided to the company, both before and during the administration.”

-Ends-

For media enquiries only, please contact:


Jo Chileshe, KPMG Corporate Communications
T: +44 (0)121 232 3343
M: +44 (0)7919 211 803
E: jo.chileshe@kpmg.co.uk

Follow us on twitter: @kpmguk

KPMG Press Office: +44 (0)207 694 8773

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

Connect with us

 

Request for proposal

 

Submit