End of the Road for Award Winner

Mariner Foods based in a factory on the Grimsby Business Park at Great Coates called in administrators three weeks ago.

An award winning Grimsby food company will reach the end of the road next week (Tuesday June 2nd) when its plant, machinery and equipment go under the auctioneer’s hammer.

Mariner Foods based in a factory on the Grimsby Business Park at Great Coates called in administrators three weeks ago.

The closure of the firm comes less than 12 months after it achieved a spectacular clean sweep gold, silver and bronze in the British Frozen Food Federation Annual Awards.

Sarah Burge of Kingsbridge Corporate Solutions, the administrator now handling the winding up of the business, said that a loss of customers and a lack of key strategic raw materials in the last few months led to a reduced turnover, leaving the business unsustainable.

Kingsbridge has now instructed industrial auctioneers CJM Asset Management to sell off the firm’s plant, machinery and equipment.

The kit is to go under the hammer on Tuesday June 2nd in an auction that is attracting international interest.

CJM director Paul Cooper said:

Following the closure of the factory we have moved the production lines, refrigeration plant, machinery and other equipment to our auction centre in Scunthorpe in preparation for the disposal.

It’s a pretty spectacular array of equipment. Mariner Foods took over and equipped the factory in June 2012, so pretty much everything is post that date and quite a lot of it is considerably newer than that.

Food industry processing equipment has, necessarily, to be of a very high standard, which means that it tends to be remarkably expensive kit. One of the star lots in the auction for example is a specialist packaging machine that cost in excess of £50,000 when it was bought less than 18 months ago.

That is just one lot. We reckon that in total we’re looking at equipment that cost in excess of a quarter of a million pounds.

Speaking about the potential interest in the disposal, Paul said:

Food processing is a major industry in the Humber area, so we’re expecting a lot of local interest in the auction. It will also attract attention from manufacturers based elsewhere in the country and almost certainly from the continent.

Holland has a large frozen food industry and we have sold a lot of this type of equipment to Dutch end-users. We have been making them aware of what’s happening and I have no doubts that they will be amongst the people taking a look at what is on offer.

The online auction is scheduled to close at Noon on Tuesday June 2nd. The catalogue is available on the Internet at www.cjmasset.com or www.bidspotter.co.uk. The public viewing sessions are on Friday 29th May (1pm-5pm) and Monday June 1st (10am-5pm).

The auction will also see furniture, fittings and fixtures from the Habrough Hotel near Immingham going under the hammer. The hotel which once claimed to be Lincolnshire’s ‘premier boutique hotel’ closed its doors unexpectedly before Christmas after suffering what were described as terrible trading due to various factors including the economic climate.