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Page last updated at 15:51 GMT, Tuesday, 27 January 2009

Offers to buy deli chain business

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Kevin Keane spends the day with administrators to see how they operate

Administrators for a Dundee-based deli chain that went into administration a fortnight ago have received 12 bids for the business.

Tenon Recovery said it was were still assessing the offers for McLeish Brothers and could not yet say how remaining employees would be affected.

About 175 people lost their jobs and seven stores were closed when the chain went into administration on 12 January.

Three shops are still trading at Aberdeen, Dundee and Inverurie.

Tenon Recovery said it had received 60 enquiries about the business and its assets in the past two weeks.

Joint administrator Iain Fraser said the level of interest "augured well" for the sale of the business, whether in whole or in part.

He added: "Our team, in conjunction with our solicitors, will now assess the bids in detail, and liaise with the interested parties, following which we will announce a preferred bidder or bidders.

"We cannot make forecasts on the implications for jobs, as that will be determined by any new owner or owners."

McLeish Brothers went into administration following cash-flow problems caused by the credit crunch and a drop in consumer spending.

The company, which had grown to 10 retail outlets, including a central kitchen facility, was on track to reach �6m turnover.

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SEE ALSO
Closing date set for deli chain
20 Jan 09 |  Tayside and Central
Interest shown in city deli chain
14 Jan 09 |  Tayside and Central
Deli chain enters administration
12 Jan 09 |  Tayside and Central

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