Administrators are preparing a £250,000 sale of the assets of Mariner Foods, three weeks after the firm closed its doors.
The Grimsby-based producer, which was founded in 2012 and supplied frozen food for grocery chains, was forced to call in administrators less than 12 months after winning industry awards.
It achieved clean sweep of gold, silver and bronze honours at the British Frozen Food Federation Annual Awards in 2014.
Despite the recognition, the company suffered a loss of customers and a lack of materials in recent months.
Sarah Burge, from administrators Kingsbridge Corporate Solutions, said the issues had led to a reduced turnover and the business becoming unsustainable.
Kingsbridge has now instructed industrial auctioneers CJM Asset Management to sell off the firm’s plant, machinery and equipment.
The kit has been moved from the factory at Grimsby Business Park in Great Coates and is due to go under the hammer on Tuesday June 2nd.
CJM director Paul Cooper said it is expecting major interest in the disposal due to the profile of food manufacturing in the Humber region.
He said: “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.”
He added: “We reckon that in total we’re looking at equipment that cost in excess of a quarter of a million pounds.”
Mariner Foods was launched by Orn Jonsson and Kenneth Bottomley in 2012. The closure resulted in five compulsory redundancies.