Partner Article

Ripon beef jerky firm rescued in a deal securing 13 jobs

Ripon-based Bare Earth Ltd a Biltong dried meat snack manufacturer has been sold in a deal by The P&A Partnership safeguarding 13 jobs.

Gareth Rusling and Chris White of The P&A Partnership were appointed joint administrators of the firm on February 18 and sold the business immediately on appointment to Mariani Foods Europe Limited.

Bare Earth Ltd began in Ripon in 2003 manufacturing a variety of meat snacks, including beef jerky, before moving to its current premises in York last year.

Over the past decade the brand has grown into a £1.1m business, but ran into trouble this year when it lost two of its major retailers, resulting in a 50% drop in sales, after also investing in new premises.

Rusling said: “Bare Earth’s products are a familiar brand in the UK and are recognised for producing a quality, healthy alternative meat snack.

“This deal will enable the brand to grow again and, most importantly, everyone in the business has been able to keep their job.”

The P&A Partnership is a leading specialist business turnaround and insolvency firm with offices across the UK, including London. Its support for business includes restructuring, finance broking, debt collection and selling assets.

This was posted in Bdaily's Members' News section by Clare Burnett .