Farmison Limited

A large-scale online meat retailer has been acquired out of administration after a majority of the company's 75 staff were made redundant earlier this month.

Farmison Limited, a Ripon-based online butcher company, entered administration on 6 April, after the business underwent a fundraising process to secure external investment, but did not secure a sufficient level of interest.

Now, Joint Administrators Benjamin Jones and Arvindar Singh of FRP Advisory have announced that the company has been purchased by a consortium led by former Asda CEO Andy Clarke (who will reportedly become executive chairman of the company) and Chilli Marketing co-founders Gareth Whittle, Christian Barton and Kieron Barton, for an undisclosed sum.

The consortium is set to recommence operations at the company's production facility in Ripon in the coming weeks, bringing jobs back to the area.

Joint Administrator Arvindar Singh said that there had been significant interest in purchasing the company, and that a number of serious offers were put forward, but that the proposal from the consortium provides the best opportunity to re-establish the business and maximise returns to creditors.