Kerryfresh bankruptcy leaves retailers out of pocket and out of stock

Kerryfresh Supplier administration Fresh to Store Wholesaler bankrupt
News RE Store management Chilled food
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Fresh and chilled supplier Kerryfresh has gone into administration, leaving independent retailers out of stock and out of pocket.

The bankruptcy means retailers who were supplied by Kerryfresh or Fresh To Store, and are  awaiting credit from goods sold on sale or return are likely to be left out of pocket and any out of date stock will not be collected.

Raju Patel from Premier Eldred Stores in Orpington, Kent, told Retail Express: “We were warned by reps that they were teetering on the edge. We didn’t have deliveries on Saturday or Monday as planned either, but we’ve got plans in place because we thought it was coming. You have to be on your feet as a retailer at the moment.”

Retail Express has learned that WH Smith and Poundland ended their agreements with the wholesaler, and independent retailers have been unable to receive their normal deliveries. The gates at some Kerryfresh depots were closed across the weekend and a source told Retail Express that all staff had been made redundant.

Administrators Duff & Phelps (D&P) blamed the fall of Palmer & Harvey for Kerryfresh's decision to cease trading. Allan Graham from D&P said the insurance payout related to P&H had been delayed. Graham also said Kerryfresh's insurer refused to insure the company's supplies in to its largest customer in February 2018, forcing it to stop supplying the customer and damaging the viability of the business.

In response, Kerryfresh tried to find investment or a buyer for the business but were unable to do so. The administrators said their aim is to continue to try and find a buyer for the business in order to save the livlihoods of the business' 300 employees.

Kerryfresh sold goods such as meats, dairy, fruit & veg, snacks and sandwiches through its Fresh to Store website and van teams. The company is partnered with Central Stores, Nisa, Booker, Best-one, Costcutter, Bargain Booze, McColl's, BP, Landmark Wholesale, Parfetts, Today's and other petrol forecourt groups.

 

By Jack Courtez Avatar
By Jack Courtez 26 Mar, 2018

Comments

27 comments
  • By U no who I am 14 Sep, 2018
    Reply

    Kerry fresh was an amazing company to work for and for one reason .. the bosses and that didn’t care what we all had .. swag we used to call it and all the other driver no what I am on about .. well let’s just say we was all earning more on the side and filling up our own fridges and even had permission of bosses to do this .. they didn’t care .. walk in the warehouse grab what I wanted on my pallet and just walk out and you wonder why it went bust! I do feel sorry for everybody who did end up with no job but wonder why .. nobody cared we could just do what we want .. Greencore now have Poundland and what a waste of time they are .. Poundland wernt because of insurance problems because of Poundland owed kerry fresh nearly 4.5 million !!! This fucked Kerry’s up big time . Big up fat mike and my boy naz and the rest of the lads at Manchester branch

  • By Ex Employee 04 Apr, 2018
    Reply

    We all know it's common knowledge where funds where moved to it's Kerry's Holding thats the main company its not the first time they've dodged the tax man but this time a think it's the safe food .gov for this place is disgusting and probably been closed to clean up the vans and depot but can't afford it Mark my words

  • By Ex Employee 04 Apr, 2018
    Reply

    Am glad this company is out of business cause the managers were never at there work and if they were they would be on YouTube looking up paedophiles stuff there creeps the vans were honking and disgusting do you need a tetanus jab just to drive them am supplies that have not been shut down for food poisoning this is a good result for customers to stop trading now from out of date food and broken friged vans to bottles of urine found in some vans is was embarrassing to even of worked for this company environmental health should not let this company trade again and the biggest laugh was managers who go about way laptops and company phones and cars as if they were a big business is a joke especially Glasgow branch employing sex offenders as well there just scum

  • By Mr Truthful 02 Apr, 2018
    Reply

    @beancounter ... I understand the legal entity around FTS and assets ... I was interested in whether they had squirreled away the depots in a holding company that was financially separate from FTS. You seem to be very well informed ... I also like the comments around Sue Cronin Jones ... how can one person have such a record of failure is beyond me Somerfield ... DBC then FTS ... What's even more amazing she was allegedly brought in as a "friend" of Flor Healey to help invigorate the van sales sales business. She came in on more money than Darren who was running the company. What a miserable cow ... watching her in meetings was like watching a bull dog chewing a wasp. Totally ineffectual but full of her own self importance. Did absolutely nothing to improve our purchasing position but was very good at expanding her department .... Good luck to everyone

  • By Beancounter 01 Apr, 2018
    Reply

    @Mr Truthful: As I understand it Fresh To Store Limited were using an invoice discounting facility through BNP Paribas Commercial Finance which in turn have a floating charge on all assets, cash, property, stock etc. Given FTS were burning £640k a month during 2016, having lost £7.7m, it is unlikely they have anything left to sell. At the end of 2016 FTS net assets were just £3.7m of which £1.5m were intangible assets.

  • By Ex Employee 31 Mar, 2018
    Reply

    Am glad this company is out of business cause the managers were never at there work and if they were they would be on YouTube looking up paedophiles stuff there creeps the vans were honking and disgusting do you need a tetanus jab just to drive them am supplies that have not been shut down for food poisoning this is a good result for customers to stop trading now from out of date food and broken friged vans to bottles of urine found in some vans is was embarrassing to even of worked for this company environmental health should not let this company trade again and the biggest laugh was managers who go about way laptops and company phones and cars as if they were a big business is a joke especially Glasgow branch employing sex offenders as well there just scum

    • By Mr Truthful 01 Apr, 2018
      Reply

      We need to understand where the company assets end up ..... there are 5 depots which were free hold. Lets make sure the administrator does not miss this and the directors end up picking up more dosh !!!!

      • By Beancounter 01 Apr, 2018
        Reply

        As I understand it Fresh To Store Limited were using an invoice discounting facility through BNP Paribas Commercial Finance which in turn have a floating charge on all assets, cash, property, stock etc. Given FTS were burning £640k a month during 2016, having lost £7.7m, it is unlikely they have anything left to sell. At the end of 2016 FTS net assets were just £3.7m of which £1.5m were intangible assets.

      • By Beancounter 01 Apr, 2018
        Reply

        As I understand it Fresh To Store Limited were using an invoice discounting facility through BNP Paribas Commercial Finance which in turn have a floating charge on all assets, cash, property, stock etc. Given FTS were burning £640k a month during 2016, having lost £7.7m, it is unlikely they have anything left to sell. At the end of 2016 FTS net assets were just £3.7m of which £1.5m were intangible assets.

      • By Beancounter 01 Apr, 2018
        Reply

        As I understand it Fresh To Store Limited were using an invoice discounting facility through BNP Paribas Commercial Finance which in turn have a floating charge on all assets, cash, property, stock etc. Given FTS were burning £640k a month during 2016, having lost £7.7m, it is unlikely they have anything left to sell. At the end of 2016 FTS net assets were just £3.7m of which £1.5m were intangible assets.

    • By British rule 31 Mar, 2018
      Reply

      Coming from a guy who tried to bully and intimidate people and who supports a club who advocates pedophilia get over it dry your eyes lol

  • By Ex employee 30 Mar, 2018
    Reply

    I’m afraid to say but most of the commments are spot on

  • By V.madder-smith 28 Mar, 2018
    Reply

    So sad to hear this news,
    I hope some good will come out somewhere.

  • By T 28 Mar, 2018
    Reply

    I am not an employee or past employee, however I am very sad to see this business go into administration. I understand the frustration and anger of all FTS employees who have presently lost jobs if a buyer for the business isn't found.

    Directors and Senior Managers don't turn up to work everyday to ruin any business. Why would they, what is the sense in that ? Kerryfresh was a loss making business for many years before the MBO in 2015. If the 5 directors who are being abused by many comments on here hadn't agreed to take responsibility and ownership for the business then I believe Kerry Group would have closed it in 2014. Taking on a loss making business with limited financial backing is a daunting challenge. Added to this when thing go wrong that are out of your control such as delays on insurance claims and the credit viability of customers such as Poundland, then it creates a huge cash flow issue.

    I have no doubt the Directors worked round the clock for several weeks to try and save the business and the jobs to get financial support but it would appear to no avail.

    Finally, it is very unfair to single out one individual as many have done and 'hang them out to dry'. I am sure every Director feels that they have let all employees down and don't need to read some of the very abusive comments that have been left.

  • By Nevermind 27 Mar, 2018
    Reply

    Worked there over 13 years and running depots for them. There were some good years but for the most part it was a charade and total lack of control in so many business critical areas that it was inevitable that this day would come eventually.
    I was lucky enough to escape this just in time but feel so sorry for all those good people losing their jobs now without any comfort money and owed their salaries on top of that. Disgraceful and cruel as always.

    To all the staff losing their jobs - keep you chin up ..your best years are just starting. All this experience will now help boost so many good businesses!
    M.

  • By ex worker 27 Mar, 2018
    Reply

    Yes its a shame but with nothing but monkeys running a what was a good buisness when it was still under kerry foods its no wonder the buisness has folded they thought they knew everything but there is more common sence in a dog turd then all then idiots put together.

    To all do not hire them they will f**k your buisness up

  • By Steve 27 Mar, 2018
    Reply


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    Fresh to Store acquires chilled van distributor Stocked
    05 Feb 2016 | By Simon Banks

    Simon Banks

    Fresh to Store has announced the acquisition of Stocked from the Indigo Food Group, expanding its footprint to over 13,000 retailers across the country.

    Fresh to Store, which took over Kerryfresh in February 2015 from Kerry Foods, will now own Stocked, the chilled van sales distribution company previously owned by Mark Woodington and Peter Hobbs.

    Fresh to Store managing director Darren Haynes said: “This acquisition will reinforce our position as the nation’s No.1 chilled food delivery service. It will enable us to expand our range of chilled products in the convenience channel through new supply relationships, as well as providing additional distribution capacity to support our growing customer base.

    “With the addition of Stocked to our business, we look forward to offering a first class chilled delivery service to an even greater number of independent retailers nationwide.”

    Indigo Food Group serves around 2,000 retailers nationwide, predominately in Wales and Southern England, and will continue to trade as Stocked for the foreseeable future.

    STOCKED, GEO ADAMS, MILLERS, Just to name 3 of the aquasitions Kerry FTS have made a mess of. Why were they ever allowed to purchase STOCKED, with there record of total disregard for the people they were employing. Within 12 months of the aquasition of STOCKED , the directors of FTS had destroyed the business. The statement in the grocer, by DARREN HAYNES, that the aquasition of STOCKED would reinforce there position as the No1 chilled food service, well there not now, the directors have seen to that.

    I feel sorry for all the hard working staff, who may not get paid, loose there holiday pay and days in lieu.

  • By speaksense 27 Mar, 2018
    Reply

    The comments on Sue are unfair , she is one of 5 owners who have to share the blame together,

    She is the head of a department not evil , just a face to balme . but she cant take it all herself

    • By Here 31 Mar, 2018
      Reply

      Here here

    • By No Sympathy 27 Mar, 2018
      Reply

      Sue Cronin-Jones should not be singled out there are other Directors that are just as culpable. However, Sue Cronin-Jones was not an inspiring leader, was prone to tamper tantrums and was often contemptuous of her team. Hopefully having realised her limitations she will do us all a favour and retire.

  • By Anon 27 Mar, 2018
    Reply

    To all the sales reps that have lost there jobs there’s a life away from kerry fresh and trust me when I say it’s wonderful . I should know worked there for 15 years and leaving was the best thing I ever did

  • By Dean 27 Mar, 2018
    Reply

    Company was run by a bunch of monkeys that only cared about themselves

  • By No Job 27 Mar, 2018
    Reply

    This business was poorly run from the moment the MBO went through.

    Cronyism was the order of the day. Managers, Senior Managers and Directors all claimed to understand the business but they didn't and, worst still, most of them were too full of their own self-importance to get off their backsides and spend some time in the field. Many were in a time warp where they believed KerryFresh remained the principle chilled food supplier without competition or challenge. Prices were set without reference to the market or competition so long as it looked good on a spreadsheet.

    They brought with them the disadvantages of being part of a larger group with long-winded systems and procedures whilst ignoring the 'fleet of foot' that should have come with an MBO. There appeared to be a game of musical chairs played at Board level with line responsibilities changing regularly irrespective of core competencies.

    This was an organisation that considered their sales staff a necessary evil rather than an asset. Wages, commissions and bonuses were constantly changed and always to the detriment of the sales people. Local managers and the staff were, for the most part, treated poorly, a disciplinary became a right of passage and a bullying culture appeared to be driven from the top.

    It's all well and good blaming P&H, Poundland and so on but therein lies the problem, always pointing the finger but never taking responsibility. After the MBO the business needed fresh ideas, innovation and new blood, all it got was more of the same.

    The staff and the customers deserved better.

  • By No name 27 Mar, 2018
    Reply

    It all started to go wrong in2011.
    To many with knowledge left the buisness, new personal came in with no knowledge in van sales.
    If the S L Team had taking notice of the staff in the Depot s things would have been far better, sad day for this buisness.

    • By R 01 Apr, 2018
      Reply

      About when I started to work for the company then!! :-S I started (as VSR) and then they had a 'cull' at depot management level got rid of a lot of experience to the extent that when one of the team leaders had to go to an assessment day to re-apply for his own job he felt that admitting he'd been with the company nearly 30 years would count against him! They then replaced the depot managers with 'yes men' and I agree with previous comments that they saw the sales team as a burden rather than an asset!

    • By Exrep 31 Mar, 2018
      Reply

      Spot on.

  • By Darren 27 Mar, 2018
    Reply

    The company was a joke! ran by a bunch of idiots who couldn't organise a piss up a brewery...

    Big shame to all those who've lost jobs, hope you all find something asap!

  • By Dean 27 Mar, 2018
    Reply

    Company was run by a bunch of monkeys that only cared about themselves

  • By Skint and unemployed 27 Mar, 2018
    Reply

    Kerry foods gradually got worse to work for. Didn’t listen to staff about the needs of the customer. Just push push and more push of stuff that wasn’t required. Always same offers. Cut back on the staff that was required instead of cutting back on the directors wages. They will of been paid up to date not like the reps that made the money for the company. Hopefully someone will buy and show them how it should be run.

  • By No comment 26 Mar, 2018
    Reply

    FTS owe my company £250k in wages paid out to the FTS temporary staff over the past few months. Sue Cronin Jones is the devil, exposing my comapny , demanding more staff while still not paying for the service she had already received. Eventually I pulled all staff out with the “payment promises” Sue gave me every week ,which never materialised. Sue Cronin Jones has basically ruined my company which I worked so hard to build over the years. 5 years of supplying staff to her and FTS and she new full well the situation but left me completely in the dark giving me false promises. Sue eventually got a mediator to give me the news after blocking my number. She is highly unprofessional and a borderline crook. Please , nobody do business with this women ever again in whatever she attempts to do next, she literally told me she doesn’t care that my company will close if she doesn’t pay for the outstanding amount that FTS owed. FTS had no chance with Sue and some others running the business.

    • By Bullied Buyer 27 Mar, 2018
      Reply

      I worked with this lady at Somerfield before the business was sold to the Co-Op. Even though she knew that Somerfield was being sold, she forced myself and other buyers to agree supply contracts with suppliers for very large sums of monies that she knew vey well would not be honoured by the new owners.
      She had no ethics and bullied suppliers and her buyers to give her what she wanted and openly admitted that despite taking money for Somerfield the contracts were worthless and suppliers would have to sort it out with the new owners. I found the last year working at Somerfield very uncomfortable and had many sleepless nights being forced by this lady to deliver the money she expected.

      • By No name 27 Mar, 2018
        Reply

        I see! So not the first time she has done this. She needs to be struck off being Director at any other company. This will happen again and again. Pure greed and evil.

    • By No 27 Mar, 2018
      Reply

      You know this is not the case at all, putting bitter comments that have no truth to them will not help anyone

      • By Ex worker 27 Mar, 2018
        Reply

        by no you need to shut up your as stupid as the monkeys that were running the company there all f***ing crooks and didnt give a damn about the workers

      • By Hmmm 27 Mar, 2018
        Reply

        Sue Cronin johnes went to Cuba on Holliday when it was happening so she really cared

      • By No comment 27 Mar, 2018
        Reply

        You need to take a look at yourself in the mirror. How you have the audacity to say these facts are untrue is quite remarkable , but given the way Sue operates a business and gets her staff to lie to company’s who are chasing debt , this comment is not a total surprise.

  • By Former employee 26 Mar, 2018
    Reply

    Kerry foods used to be a great company to work for but as the first post implies they made some horrendous decisions in 2011 that led to them letting go of the people who made it successful in the first place . Then along came the management buyout and things just went from bad to worse . I left 18 months ago as it became impossible to visit 30 plus customers a day and give them the quality service they required . You just did not have the time to be a sales rep anymore due to there relentless cost cutting measures . It’s a real shame and I hope all the guys find employment soon

  • By no comment 26 Mar, 2018
    Reply

    The decisions in 2011 and the way they treated employees then, with the new vision. It was bound to happen. Such a successful van sales operation under Micheal Bassett. The focus moved away from selling and more on a tracker in the van that could save you fuel. Van sales is an art and laid a great foundation to further your career in sales, passion, loyalty, confidence, negotiations. The post 2011 management ruined it.

  • By Former Employee 26 Mar, 2018
    Reply

    Tbh I feel more sorry for the out of work employees than the retailers with a few out of date sandwiches!

    Also Poundland didn't end their agreement - Poundland are the customer they couldn't get credit insurance for!!

  • By Unemployed 26 Mar, 2018
    Reply

    It's not just the independent retailers that will lose out.

    All those that were weekly paid which includes all of the van sales people will not get paid for the last week, for their week in lieu and any accrrued time towards their rest weeks and holidays because the company has no money.

    Those that are monthly paid such as managers and Directors have been paid for the month of March.

    The P&H issue may have hurt the business but it has been living on borrowed time for at least 12 months.

  • By Unemployed 26 Mar, 2018
    Reply

    It's not just the independent retailers that will lose out.

    All those that were weekly paid which includes all of the van sales people will not get paid for the last week, for their week in lieu and any accrrued time towards their rest weeks and holidays because the company has no money.

    Those that are monthly paid such as managers and Directors have been paid for the month of March.

    The P&H issue may have hurt the business but it has been living on borrowed time for at least 12 months.

  • By Wolsey 26 Mar, 2018
    Reply

    Yes company has gone in administration all staff redundant

    • By Wolsey 22 Sep, 2018
      Reply

      We all got our money redundancy holiday pay notice pay and missing week from government

    • By No money 24 Apr, 2018
      Reply

      Here we are still no money, now have a job payed monthly.
      Presume all the S L Team
      Are ok sat on pots of money.
      Presume all the Retail shops have new supplies,
      Lost a bit in credit!!!!
      Getting s o r now are we.
      As per normal it’s the ex staff who got of worse.
      Happy days!!!!!

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