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Buyer sought for Yorkshire Meatball Co
Published:  07 November, 2017

“Tentative enquiries” have been expressed in family-run business The Yorkshire Meatball Co, which was recently forced to cease trading due to a lack of funds.

James Sleight, partner and joint liquidator at Geoffrey Martin & Co, which is handling affairs for the company, told Meat Trades Journal it was trying to find a buyer for the brand in the hope that “this multi award-winning concept can be revived and offered to customers again”.

“There have been some tentative enquiries to date. However, these have not culminated in any offers. Any interest in the company’s brand should contact this office,” said Sleight.
 
Last week, co-owners and father and son team David and Gareth Atkinson announced news of the closure on Facebook and expressed “deep sadness” at having to “call time” on the brand they’d spent almost four years building up.

The specialist eatery expanded into retail with a range of beef and pork meatballs last year after successfully raising more than £123,000 from 220 investors via a crowdfunding campaign in April 2016.

“Despite being successful in crowdfunding for our retail launch in April 2016, and subsequently achieving listings in over 200 Morrisons, Asda and Tesco stores – in addition to our recent accolade of ‘Best New British Product’ in the Great British Food Magazine Awards 2017, we were left with a very challenging financial position, due to the costs of closing our restaurant last year,” the Facebook message stated.
 
“We’ve both been working tirelessly over the past 12 months, exploring every possible avenue for additional investment but, unfortunately, we have been unsuccessful.”
 
Sleight added: “The company’s financial difficulties arose from a culmination of the historic losses from its restaurant operations and insufficient working capital to promote its products to a wider audience. Whilst repeat demand for its products was strong and the company had been able to build up a loyal consumer following, it was sadly not sufficient for the supermarkets and all products were withdrawn at the end of September.  Despite repeated attempts by management to source further investment for the business to build on its initial success, the company ran out of funds and ceased to trade.”