Agricultural Administration & Liquidation

Quantuma oversee the agricultural administration of Heveco Mushrooms Limited.

Overview:

  • An Agribusiness supplying major supermarkets
  • The business had a turnover of £45M
  • Overseas parent company failed so could no longer support funding covenants


Investment:

  • Bank/ABL – £2.9M


Outcomes:

  • The business was traded post-Administration
  • The business was sold & as were the assets in separate divisions
  • Secured creditor were repaid
  • 190 jobs were saved

 

For more information on Administrations, please click here