Partner Article
David Price Food Services falls into administration
North East food delivery firm, David Price Food Services Ltd, has entered into administration with the loss of 109 jobs.
Administrators at KPMG managed to save 29 jobs by selling the firm’s Wallsend and Glasgow operations to Yorkshire-based Ice Company Distribution Ltd, shortly after being appointed.
The chilled haulage division of David Price has stopped trading with the loss of 109 jobs. Five employees at the head office in Wallsend will be retained in the short term, to assist with the administration.
Administrators said increased costs to the business, including fuel and utilities, had exacerbated a poor trading period, forcing the firm into administration.
This was posted in Bdaily's Members' News section by Tom Keighley .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Our Partners
Resilience, connection and maximising opportunity
In pursuit of healthy obsession
Why the Budget must restore productivity
What does collaboration really mean in business?
Why NE6 is the real Northern Powerhouse
Can you really judge someone by their CV?
Are you flying too close to business burnout?
Making education a lot better for a lot more
Have we made it harder for young people to succeed?
Celebrating Nissan's North East success story
Are you a meat proxy?
Engaging the five-generation workplace