KPMG called in at sandwich maker
Administrative receivers at KPMG have this week been called into Tinsley Foods, maker of sandwiches, ready meals and chilled foods.
The Lincolnshire-based firm has seen its turnover drop by close to a third in recent months due to a lack of demand, despite its role as suppliers to retail giants Marks & Spencer, Safeway and Morrisons.
The company is one of the largest employers in Holbeach St Marks, in the Wash region with a workforce of around 950 people.
Myles Halley, joint administrative receiver from KPMG, said: ‘We will be seeking to trade on the company with a view to concluding a sale of Tinsley Foods as a going concern. Though reports within the media point to a fairly buoyant UK retail sector, there are still numerous hurdles to be overcome if we are to protect employment within the business.’