According to a news report in the local media, the new company is formed out of a former director and a new investor, and the deal has managed to salvage the jobs of all staff members.

 

Gerald Krasner of Begbies Traynor was appointed joint administrator of RJA Foods a couple of weeks ago, and is quite happy with the results of the deal, especially since it will provide a "substantial return" for its creditors

 

"PomeGreat is one of the best known brands of fruit drinks in the UK with excellent distribution and a loyal customer base. Unfortunately, its parent company suffered from pressure on margins and increased competition.

 

Having approached some of the company’s competitors, as we expected, there was strong interest in acquiring the business and three bids were submitted. The sale to ACPT Ltd is great news for the business, staff and customers and, based on estimated realisations, creditors will receive, at minimum, a very substantial dividend.

 

"In the hands of its new owners, the business is in an excellent position to build on the strength of its PomeGreat brand," said Mr. Krasner.

 

Every company plagued by financial trouble and facing administration should consider the implementation of specific measures designed to optimize the costs of its business processes, and this is exactly where Time & Attendance South West can help, since we have the necessary expertise to provide customers with a complete and comprehensive bespoke workforce management solution, that will perfectly fit their requirements.

 

Our advanced smart card time and attendance system includes European Working Time Directive checking and reporting, ensuring that your company remains compliant with both regional and national legislation.

 

Furthermore, the system also offers a series of additional features employers such as IKEA (and others) would certainly find handy, such as Weekly Clock Card, Payroll Summary, Absence Summary, Fire Roll Call or Shift Swapping.

 

If you’d like to find out more about the extensive range of solutions supplied by Time & Attendance South West, just get in touch with our dedicated product team, they’ll be more than happy to answer any and all queries you might have.