Northern vegan food company Meatless Farm has entered administration and made its staff redundant, citing a lack of demand for meat-free products.
The Leeds-based company, first established in 2016 by Danish entrepreneur Morten Toft Bech, has become a fixture in major supermarkets over the years – establishing itself in the US, China, and several European countries, and at its peak selling over £11m worth of its plant-based ‘meat’ alternatives.
It had become well known for its meat alternatives with mince, chicken breasts, sausage and burgers once a popular choice, but now after a ‘difficult period’ the company has ceased trading, reports The Hoot.
Image: Meatless Farm
Image: Meatless Farm
On Friday 9 June 2023, Meatless Farm’s 50-strong workforce were made redundant and yesterday 13 June, the company entered administration.
Commercial director Tim Offer announced on his LinkedIn profile: “Sadly, my time at Meatless Farm has come to an end… the business has unfortunately made all the teams redundant.
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“I learnt a huge amount in a short space of time and have absolutely loved the people and the brand.”
Image: Meatless Farm
Image: Meatless Farm
Interim finance executive John Loughrey added: “Sadly things have not worked out for Meatless Farm so I am now looking for my next assignment, as will numerous other colleagues.
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“I have had a great time in a fantastic company, and have had the honour and pleasure of working with some amazing people. It is a shame the company has not made it through this difficult period and I wish all my former colleagues the best of luck for the future.”
Last month the company hired restructuring specialists Kroll in hopes of finding a buyer for the business.
Kroll announced yesterday that Geoff Bouchier and Benjamin Wiles have been appointed joint administrators to oversee the financial management of the business.
It comes amidst a slump in the overall demand for meat-free products.
Sausage producer Heck, also based in Yorkshire, recently reduced its vegan range citing a similar lack of customer demand for meat-free products.
While some parts of the vegan food industry continue to perform well, such as plant-based milks, cheese and yoghurt, analysis suggests that demand for plant-based ‘meats’ has slowed down.
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Daryll Umali, Managing Director at vegan food company Moving Mountains, said: “With one less brand advocating the environmental agenda, the news of Meatless Farms administration is a sad loss for the plantbased movement, and our thoughts are with all those who lost their jobs.
“However, we can confidently say this loss is not a reflection of the plantbased industry’s trajectory – the chopping and changing is part of the maturing process that comes with an evolving new industry.
“This is an exciting and fast-paced race to develop new and delicious products with advanced technologies and genuine IP. Some brands may unfortunately fall short through unsustainable business models, channeling disproportionate funds to brand building, and without a quality product to match the result is unprofitability – this is something our organically grown business isn’t subject to.
“In 2022, YouGov reported one in four consumers are reducing their meat intake. You only have to ask a group of millennials their coffee order (the answers an oat flat white) to hear the demand. And, the buoyancy and growth of Moving Mountains is testament to that unrelenting demand for plantbased options”
Featured image – Meatless Farm
Business
Luxury Manchester gym Blok confirms permanent closure after weeks of uncertainty
Daisy Jackson
Blok Manchester has announced its permanent closure, weeks after the doors to the premium fitness facility mysteriously closed.
Around a fortnight ago, members began to arrive to their classes to find the gym on Ducie Street locked up and a forfeiture notice on the door – but at the time, Blok said that it was fighting to reopen.
Sadly, in an email sent to members today, its founder has confirmed that the studio is now permanently closed.
Blok – which has several very successful sites down in London – said that its relationship with its landlord has ‘broken down to a point where trust has been lost’.
The gym wrote that it’s been left with ‘no workable way forward’.
They said: “BLOK Manchester was a space built by our loyal and dedicated community. Whether you joined us for one class or one hundred, we are deeply grateful. You helped create something genuinely special in an incredible city.”
In the immediate future, they said they’ll be supporting the team of fantastic trainers who worked here, as well as looking after members.
Members will be contacted within a few hours with options and refunds owed.
Blok Manchester has announced its permanent closure. Credit: The Manc Group
CEO and founder Ed Stanbury said: “While this marks the end of a chapter, we don’t see it as the end of our story in Manchester. We’re already speaking with developers about potential future sites and remain committed to returning to the city when the time is right.
“Thank you for being part of our story so far. Let’s shape the future of wellness. The mission continues.”
Commenting on Blok’s Instagram post – its first in almost a fortnight – people have been sharing their sadness at the closure of its Manchester site.
One person wrote: “beautiful space, beautiful staff and beautiful community.”
Another said: “Sending love to all the instructors !! :(((( gutted”
Someone else commented: “THE BEST CLASSES. I’m gutted.”
‘The average cost of a pint’ in the UK by region, according to the latest data
Danny Jones
Does it feel like pints keep getting more and more expensive almost every week at this point? Yes. Yes, it does, and while you can’t expect a city as big as Manchester to be one of the cheapest places to get one in the UK, we do often wonder how it compares to other parts of the country.
Well, as it happens, someone has recently crunched the numbers for us across the nation, breaking down which regions pay the most and the least for their pints.
The data has been examined by business management consultancy firm, CGA Strategy, using artificial intelligence and information from the latest Retail Price Index figures to find out what the ‘average cost of a pint’ is down south, up North and everywhere in between.
While the latest statistics provided by the group aren’t granular enough to educate us on Greater Manchester’s pint game exactly, we can show you how our particular geographic region is looking on the leaderboard at the moment.
That’s right, we Mancunians and the rest of the North West are technically joint mid-table when it comes to the lowest average cost of a pint, sharing the places from 3rd to 8th – according to CGA, anyway.
Powered by consumer intelligence company, NIQ (NielsenIQ) – who also use AI and the latest technology to deliver their insights – we can accept it might seem like it’s been a while since you’ve paid that little for a pint, especially in the city centre, but these are the stats they have published.
Don’t shoot the messenger, as they say; unless, of course, they’re trying to rob you blind for a bev. Fortunately, we’ve turned bargain hunting at Manchester bars into a sport at this point.
We might not boast the lowest ‘average’ pint cost in the UK, but we still have some bloody good places to keep drinking affordable.
London tops the charts (pretends to be shocked)
While some of you may have scratched your eyes at the supposed average pint prices here in the North West, it won’t surprise any of you to see that London leads the way when it came to the most expensive pint when it came to average cost in the UK.
To be honest, £5.44 doesn’t just sound cheap but virtually unheard of these days.
CGA has it that the average cost of a beer in the British capital is actually down 15p from its price last September, but as we all know, paying upwards of £7 for a pint down that end of the country is pretty much par for the course the closer you get to London.
Yet more reason you can be glad you live around here, eh? And in case you thought you were leaving this article with very little, think again…