Real Good Food PLC (AIM:RGF) - Notice of Intention

Real Good Food PLC (AIM:RGF), a Liverpool-based specialist bakery goods manufacturer, has filed a notice of intention to appoint Richard Harrison and Will Wright of Interpath Advisory as joint administrators.

In a recent announcement, the company noted that performance has been constrained by supply issues and cash constraints and that sales for November and December are expected to be lower than previously forecast. This led the board to conclude that it is in the best interests of all stakeholders to explore strategic options for the company’s remaining business, JF Renshaw, which has also appointed Interpath Advisory as its adviser to review strategic options.

The company also announced that it has temporarily suspended trading in its shares on AIM. 

A number of parties, including Lloyds Bank, Huk 122 Limited, Leumi Abl Limited, Omnicane Limited, Downing LLP, Napier Brown Holdings Limited have registered charges against the company.