Farmison acquired out of administration

Farmison acquired out of administration

Online meat retailer Farmison has been acquired out of administration by a consortium which includes Andy Clarke, a former CEO of Asda, who will become its executive chairman.

Clarke is joined by Gareth Whittle who was a board member of Farmison prior to administration. Whittle was founder and managing director of Chilli Marketing and brings two Chilli team members Christian and Kieran Barton into the consortium. All have considerable experience in the sector.

Clarke commented: “As a retailer brought up on a farm in Yorkshire, I know how producers across the region appreciated Farmison’s commitment to the best producers who could provide the highest quality meat to customers. That’s why I am excited about Farimson’s prospects. We have an opportunity to scale this business and further develop both its direct-to-consumer and wholesale plans, building on the ethos and values of what Farmison stands for.

“Nevertheless, there is much work to do to get the business back on its feet and trading again – not least re-engaging with Farmison’s important network of farmers across the region and re-employing colleagues.”

Arviundar Jit Singh, joint administrator and partner at FRP Advisory said: “We are thrilled to have been able to secure a buyer for Farmison who is able to recommence trading and bring jobs back to Ripon. There had been significant interest in purchasing the business and assets of Farmison and a number of serious offers had been put forward in recent weeks, but the proposal from the consortium provides the best opportunity of both re-establishing the business and maximising returns to creditors.”


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