Could the Cider Tap go Dry at a Tiverton Brewery?

Profile image for The_Gazette

By The_Gazette | Thursday, October 22, 2009, 16:16

A WELL-ESTABLISHED Tiverton-based firm has gone into  administration.

Devon Cider Company which is based on the former Whitbread  brewery site made the shock announcement today (October 22).

Vantis Business Recovery Services has been appointed as  administrator for the cidermaker, which produces own-label  ciders and brands including Old Moors, Three Hammers and Ice  White.

The administrator is seeking to sell it as a going concern and no  redundancies have been made.

Geoff Rowley, client partner at Vantis, said: “We are continuing  to trade with all of Devon Cider’s customers and have the on-going  support of all the multiples with whom Devon trades.

 “Interest in the business has been strong and we hope to be able  to proceed with a sale on a going concern basis.”

 Devon Cider employs 50 people and turnover is around £20  million.

The company was bought out by its management team shortly  after going into voluntary administration two years ago and was  restructured as a group of three companies – Devon Cider, Devon  Cider Brands and Devon Commercial Property.

Devon Cider was founded in 1999 and four years ago moved to  larger premises in Tiverton, which it bought from Inbev.

Cllr Alan Griffiths, who represents Westexe said: “I am hoping  they are able to keep the jobs in my ward, but it is an uncertain  time. This would be the worst possible time to lose any jobs, just  before Christmas and at the bottoming out point of a recession.”

For more details on this, see next weeks Mid Devon Gazette.

Add your comments to this story in the space below.

      

Comments

       
max 4000 characters
        
   

Latest Stories in Tiverton

       
      

Local Vouchers

       
  • HALF PRICE CUT AND FINISH WITH SAM

    HR Hair & Beauty

    Half price cut & finish with Sam our new stylist on Friday 11th and Saturday 12th of July, Sam has over 12 years salon experience

    Terms: Only available Friday 11th & Saturday 12th of July

    Contact: 01884210673

    Valid until: Sunday, July 13 2014

     
  • Initiative Labels Buy 1 Pack Get One Free

    South West Office Supplies

    South West Office Supplies have a buy one get one free on our Initiative Brand labels. Visit our website home page and click on the link.

    Terms: Offer ends July 31st 2014.

    Contact: 01271440646

    Valid until: Thursday, July 31 2014

     
  • £100 off any Origin Bi-fold door

    Solaris Windows

    Get top quality bespoke aluminium bi-folding doors, with a range of configurations and 150+ colour options from Origin - the UK's leading manufacturers of folding sliding doors.

    Terms: Applies to a supply and fit jobs only. Surveys can only be done within a 25 mile radius but please phone in to check because some exceptions can be made. Only one voucher per job.

    Contact: 01392349636

    Valid until: Wednesday, July 23 2014

     
   

Search for...

       
        
Min price is bigger than Max price
        
Min price is bigger than Max price
        
Min rent is bigger than Max rent