Confidential Advice Line: 0800 063 9221

Meat Company Goes into Liquidation


A north of Scotland company supplying meat to the catering trade has gone into liquidation with the loss of 34 jobs in the wake of being hit by the recession and the collapse of a major hotel chain leaving the business with a bad debt of £330,000.

Aberdeen Scotch Meat, based in Inverurie, is a subsidiary of the Mathers group - also based in the town - which has an annual turnover of more than £30m. Mathers bought the company out of receivership nine years ago.

The joint liquidators are Ken Pattullo and Scott McGregor, of Aberdeen-based business rescue, restructuring and recovery specialist Begbies Traynor.

Mr Pattullo said: “The decision by Mathers to put this subsidiary into liquidation was both a painful one because of the loss of jobs involved. It was, however, left with little alternative when faced with the recession over the past year and the previous bad debt of £330,000 following the Swallow hotel group going into administration.”

He added: “It is a reflection of continuing problems in the economy and it is these which ultimately led to Aberdeen Scotch Meat being left with this bad debt.”

Mathers managing director Michael Mountford said: “It is important to stress that Mathers is a highly successful company and this has been a reluctant and sad decision but has been taken to ensure the continued successful trading of the group as a whole.”


About the author

Ken Pattullo

Regional Managing Partner

Meet our Team of Experts

Ken joined the Glasgow office of Begbies Traynor in 2003, before overseeing the firm's expansion into further offices in Edinburgh, Dundee, Aberdeen and Belfast. He previously worked at KPMG, Ernst & Young and PricewaterhouseCoopers in Scotland. He has a broad range of experience in Corporate Rescue and Recovery, as well as in turnaround and restructuring, corporate and personal insolvency, investigations and IBRs.

Specialisms: Licensed trade, haulage, property investment/development, construction, agriculture engineering/manufacturing.

48 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Advice for businesses on EBTs after HMRC Supreme Court victory
Begbies Traynor currently advising numerous businesses
HMRC sends out follower notices to reclaim tax lost to Employee Benefit Trusts
Find out more →
 
Open Banking to Reshape the Alternative Finance Sector
CMA mandates the adoption of Open Banking by early 2018
Will see alternative lenders competing on a level playing field with dominant banks
Read more →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor team

or Find your Nearest Office
Processing...