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Just one Cornetto - Portland successfully sell well known ice cream business Loseley Dairy Ice Cream

Administrators, James Tickell and Carl Faulds, have been successful in selling the well known ice cream business “Loseley Dairy Ice Cream” which was based in Cymbran, Wales.....

The company, which manufactured own brand labels for Iceland, Morrisons and Asda as well as its own brands of Loseley, Thayers, Yorkshire Dales and Granelli, experienced cash flow difficulties when its shareholder ceased funding working capital requirements due to its own financial difficulties.  Having been appointed in April 2011, the administrators set about completing orders for customers whilst finding a buyer and interest in the business was received from over 20 parties within the industry.  The business assets were eventually sold to Beachdean Manufacturing LLP in early May with the equipment being sold to Rabin Worldwide at the end of May, in total for £1.2m.

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