Bodnant Welsh Food Centre set to be saved from closure

23 November 2018 by
Bodnant Welsh Food Centre set to be saved from closure

The Bodnant Welsh Food Centre, a multi-feature site dedicated to showcasing the best of the nation's culinary offering, is set to be saved from closure by a local businessman.

In October the business reached out to advisory firm Smith Cooper, after significant investment could not help to balance the books due to difficult trading conditions. A week later it was decided the business would wind down if a buyer could not be found.

However Richard Reynolds, managing director of the tearoom brand Love To Eat which operates in five locations, has offered to take over the site. The sale of the Welsh food centre, which includes a café, a cookery school, a farm shop and B&B accommodation near Conwy, North Wales, is currently underway.

Dean Nelson, head of business recovery and insolvency at Smith Cooper, said that despite "best efforts and considerable investment" from the owners, the site "was operating in an unsustainable manner".

He added: "We have undertaken an intense sales process for a month and we are delighted to have found a potential buyer for the business and its assets. Our hope is that a sale can be concluded shortly and that the Bodnant Welsh Food Centre will continue to provide the local community and visitors with a first-class food centre."

The sale will ensure planned and future weddings continue without disruption.

Reynolds added: "I am delighted and honoured to be close to securing the ownership of the Bodnant Welsh Food Centre and will be working hard to ensure its future success. I strongly believe that the excellent location, award-winning produce and strong reputation will enable the Bodnant Welsh Food Centre to continue to thrive and grow for many years to come.

"I am also extremely pleased to announce that once the sale is concluded, after what was a distressing time for many couples, that we are looking to honour any weddings which have been booked, whilst also taking into consideration deposits which have already been paid. We look forward to welcoming the couples and their guests through our doors."

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking