More than 80 jobs lost as Welsh cheese manufacturer GRH Food Company calls in administrators
The Welsh family-owned firm supplies cheese products to retail, wholesale and food service industries in the UK and international markets. GRH was established in 1989 and employed 86 staff from its base at Snowdonia Business Park.
In 2016, the company gained national attention when its goat cheese products, launched the previous year, were featured on national BBC radio.
In 2017, it received a grant from the Welsh government to assist with a move to a new facility.
The joint administrators were appointed to GRH after the company suffered cash flow issues and was unable to meet its financial obligations as they fell due. The majority of staff were made redundant shortly before the appointment. Four members of staff have been retained in the short term to support the administration process.
Paul Dumbell, Joint Administrator from KPMG, said, “GRH was an ambitious business that had grown in recent years, but the squeeze of increased costs and liabilities put too much pressure on its finances. Despite efforts to market the business for sale, a buyer could not be found, which led to the administration.
“Although the facility will not trade during the administration period, we continue to explore all options for this multi-million-pound production facility.”
Reacting to the closure on Twitter, MP for the area Liz Saville Roberts said, “I call on the Welsh Govt to hold urgent talks with liquidators KPMG to make sure this valuable public investment in food production is safeguarded for the future.”
