PracticeConsultingKPMG called in at sandwich maker

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.’

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