Food jobs saved by sale of companies
Gareth Rusling and Chris White from The P&A Partnership were appointed joint administrators to Pakeezah Superstores, Pakeezah Meats and Pakeezah (Girlington) on April 12.
They sold the businesses immediately on appointment. Asset consultants Charterfields conducted negotiations on behalf of the administrators.
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Hide AdMr White confirmed that the businesses had been bought by Hotlinks Networks, a company set up by one of the previous directors, Tariq Haq. Mr White said: “As a result of the deal all jobs at the two food stores and halal meat processors have been saved.
“The three businesses together had sales of more than £14m last year but unfortunately got into financial difficulties because of significant cash flow problems.
“The administrators are writing to all creditors to inform them of the sale.”