The St Helens-based company has been making tumblers and stemware since 1842, in an area where glassware has been manufactured since 1773.
The company blamed the strength of sterling for the its difficulties with the UK component of its business remaining strong.
Ray Robinson and Paul Stanley have been appointed on behalf of Begbies Taylor.
Following his appointment, Robinson said: ‘With 330 employees, Ravenhead is an important employer in the region and its skilled workforce has a high reputation not only in this country but also abroad.
‘The underlying business is sound and we are hopeful that we will be able to rescue the business and return it to profitability with a sound future.’
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast