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169 jobs lost as Crawley firm goes into administration

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News

More than 160 people lost their jobs when a Crawley company went into administration yesterday (Tuesday, August 26).

Staff at Pasta Reale, off Fleming Way, were told the news at around 4pm.

A staff member, who did not wish to be named, said: “The company has been here for years, literally years. It was a family business until we got bought out.”

He added: “They don’t seem to care.”

BDO LLP business restructuring partners, Matthew Tait and Kim Rayment, were appointed Joint Administrators over Pasta Reale.

The company was a manufacturer of fresh pasta and filled pasta products.

BDO LLP confirmed 169 people had been made redundant.

The joint administrators are currently seeking a purchaser for the facilities and assets of the company.

Matthew Tait, BDO business restructuring partner, said: “The company experienced a gradual loss of custom over the past year and, as a result, has experienced a deterioration in its working capital position.

“Despite the best efforts of the company’s directors and stakeholders in the past months, the directors were left with no option but to place the company into administration.

“Going forward, we will seek to achieve a sale of the company’s facilities and assets and maximise recoveries for creditors.”

Have you been affected by the redundancies?

You can email your story to sheena.campbell@jpress.co.uk or call 01293 845058.

 

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