Date Published: 30th April 2015
On 27 April 2015 Bob Maxwell and Rob Sadler of Begbies Traynor were appointed as joint administrators of Agricultural Contract and Marketing Company (ACMC) Ltd.
Based in Driffield, the company supplies genetically-advanced breeding stock to farmers all over the world. ACMC is a family business which was established in 1990.
The company is continuing to trade in administration in order to sell the business as a going concern and maximise the return to creditors. ACMC has 35 staff.
Anyone interested in acquiring the business should contact the administrators on 0113 244 0044 or the agents, Leonards on 01482 375212.
Bob is the managing partner in our Leeds office. Prior to joining the firm, he was a partner at Deloitte and Kroll and he has nearly 20 years’ restructuring and recovery experience. Bob qualified as an ACA in 1990 and is a Licensed Insolvency Practitioner. He has led numerous cases, both domestic and international, incorporating turnaround assignments, financial restructuring and insolvencies.
Bob has experience across a broad range of industries including retail, manufacturing, distribution, construction, motor retailing and media. His clients include banks, Asset Based Lenders (ABLs), venture capitalists, pension scheme trustees, corporates and government.
He has undertaken two major secondments to assist UK clearing banks, advising them on developing turnaround strategies for their clients in financial difficulty.
More recently, Bob has been responsible for delivering a project with Clydesdale Bank aimed at tackling its distressed property portfolio. He led a team of 12 staff throughout the UK, working with the Bank staff to manage a portfolio of circa £800m of debt with over 1,000 properties. As part of this project, he formulated strategies to create consensual solutions between the customer and the bank as well as undertaking a significant number of LPA appointments in situations where enforcement action was required.