TQF calls in the administrators again
A Bristol-based cooked meat producer whose customers included fast-food chains and foodservice providers has gone into administration for the second time this year.
TQF recently appointed PricewaterhouseCoopers (PWC) as joint administrators after tumbling customer orders led to a cash-flow crisis.
The company, which turns over £2.5m a year, makes and supplies frozen and chilled cooked meat products to local and national customers at its factory in Yate.
On Thursday (10 August), PWC announced that 30 of the TQF's 40 staff had been made redundant.
"TQF is a well-established local business," said Cropper. "Our key priority now is to work hard to secure the sale of the business as a going concern."
TQF was originally the meat manufacturing arm of Canterbury Foods, which went into administration with PWC this January.
Canterbury Foods was sold to Medway Foods while the meat business was acquired by TQF, a company set up by catering supplier W&W Foods for that purpose.
W&W Foods includes catering butcher WW Fresh Food and sausage maker G White & Co.
By Angela Frewin
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