Tillery Valley Foods Limited - administration

Tillery Valley Foods Limited, a South Wales-based producer and supplier of meals to the healthcare, education and local authority sectors, entered administration on 17 May. The company cited the energy crisis, as well as inflationary increases in the cost of ingredients and packaging materials, as the primary causes of its financial difficulties. Tim Bateson and Will Wright of Interpath Advisory were appointed Joint Administrators. The majority of the company’s 250 employees were made redundant, with 24 retained to assist the Joint Administrators in the wind-down of the business. Arbuthnot Commercial Asset Based Lending Limited and Gqs Finance Ltd as Security Trustee each has a registered charge against the company.