Published: 19th February 2018
The Ultimate Food Company (Kendal) Limited (“Ultimate”) was placed into Administration on 5th February 2018. Ian McCulloch and Dean Watson of Begbies Traynor have been appointed as Joint Administrators through Real Business Rescue - part of Begbies Traynor Group.
Ultimate, based in Kendal, has been trading for over 30 years and was a producer of high quality food products.
Ian McCulloch said “Ultimate was an established, well recognised and highly regarded food manufacturer which has unfortunately ceased to trade due to a number of issues. We are currently in the process of marketing the business and assets for sale and should there be any interested parties then please get in touch”
Dean Watson added “Action has been taken to minimise the impact of the administration on customers and to seek interested parties that may want to continue with this highly respected business. This course of action should assist in maximising the returns to creditors by allowing increased asset realisations ”
Having entered a career in insolvency straight from University, Ian has been part of Begbies Traynor Group since 2006. He initially worked in the personal insolvency team before moving to the corporate team at Preston in 2008. He qualified as an IP in 2010 and has dealt with a number of appointments in the North West area.