Moorfields appointed Agricultural Receivers over Devon cattle farmer

Agricultural Specialists Simon Thomas and Arron Kendall of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Agricultural Receivers over beef and livestock trader in Devonshire on 22 December 2014.

The farm which operated from four sites specialised in cattle and sheep production has traded since 1982. In recent years the farm had been involved in supplying Halal meat but suffered a significant bad debt which the business could not survive. 

Simon Thomas, Joint Administrator “We have managed to sell the livestock and will be marketing the remaining assets. Livestock farmers continue to operate in a difficult market, however we are seeing farmers facing difficulty in a number of sectors particularly Dairy which is currently receiving significant press coverage.” 

If you require any further information, please contact Moorfields Corporate Recovery Ltd by email rmcilroy@moorfieldscr.com or 0207 186 1144.

 

For media enquiries, please contact:

Katie Smith
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com

 

About Moorfields

Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations

View all Our News