A North Somerset producer and seller of horse feed has been sold out of administration, saving seven jobs. The Pure Feed Company was placed into administration in November after being hit by a "combination of challenges" which it said left it unable to trade.
According to administrators Begbies Traynor, difficulties included price rises in raw materials and a shortage of supplies caused by the war in Ukraine. It was also met with extra costs from the hike in energy prices.
After a major supplier also imposed a change in trading terms, causing cash flow issues, the company appointed Paul Wood and Simon Haskew, partners at Begbies Traynor, to oversee the administration. The company had a turnover of £2.1m before it fell into difficulty.
