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Crisp Giant Collapses After 54 Years
12 Oct
Summary
- Glens of Antrim Potatoes Ltd has ceased trading after 54 years.
- Ninety-five staff members have been made redundant due to administration.
- Escalating agri-food costs led to severe cash flow difficulties.
Glens of Antrim Potatoes Ltd, a UK crisp manufacturer established in 1972, has ceased trading after 54 years. The company, which launched its popular crisp brand in 2015 and was stocked by major retailers, entered administration on September 21. This unfortunate outcome has led to 95 staff members losing their jobs, with only a few retained to assist with the administration process.
The primary reason for the business's downfall has been identified as escalating costs within the agri-food sector. These rising expenses created significant pressure throughout the supply chain, resulting in severe cash flow difficulties for Glens of Antrim. Despite the directors exploring options such as refinancing and attracting fresh investment, these efforts proved unsuccessful.
Administrators from Interpath are now actively seeking interest in the business and its assets, inviting prospective buyers to come forward. This closure highlights the challenging market conditions affecting businesses across various sectors, including the recent administration of film distributor True Brit Entertainment.
