A total of 32 people are to be made redundant after Countrywide Farmers Plc went into administration.
Administrators appointed to the country and equestrian chain on 7 March have been working with the company and its suppliers. And although they are still open to offers from potential buyers, the redundancies have “become necessary”.
Twenty jobs are to go at the company’s headquarters in Evesham and 12 at its Defford distribution site.
Joint administrator David Pike, of administrators KPMG, said: “Our strategy remains to continue to trade to realise stock, while we develop and convert interest in parts of the business and packages of stores.
“To maximise the available trading period, we have taken steps to reduce costs and regrettably, we are unable to retain the workforce in full. We remain focused on doing all we can to preserve as many jobs as possible.
“All affected staff have been informed and will be paid up to and including their last day of employment. We’d like to thank all employees for the support, service and co-operation they have provided to the company, both before and during the administration.
“There has been a strong response from the market and we encourage any further interested parties to make contact as soon as possible.”
Mole Valley Farmers Ltd had been in negotiations to buy out Countrywide’s retail arm, but an investigation by the Competition and Markets Authority (CMA) into the sale halted the deal.
Plans to sell the business’s retail arm fell through due to an investigation, meaning more than 700 staff face an
Large quantities of equestrian equipment, clothing and footwear will be auctioned next week [ Tuesday 4 June] near Manchester, after
The business had been experiencing 'cash flow difficulties' and falling sales, administrators confirmed
Countrywide had been restructuring over the past year, which included the sale of its LPG (liquefied petroleum gas) division. That sale was successfully completed on 1 March, with more than 60 employees transferred to DCC Flogas.
The administrators are calling for offers to be made by 5pm next Wednesday, 28 March. Interested parties should contact Gareth Shaw on 0121 232 3288.
For all the latest news analysis, competition reports, interviews, features and much more, don’t miss Horse & Hound magazine, on sale every Thursday.