Frank Dale Foods bought by former freight firm director

Edward Miles, owner and chief executive of Finedale Foods Ltd, which has taken on the former Frank Dale Foods premises in Bunwell. Picture: Ed Miles (Image: Ed Miles)

Frank Dale Foods Ltd, which recorded a £500,000 loss last year after increasing pressure on production facilities led to difficulties fulfilling orders, was liquidated this week.

But following inquiries by insolvency firm McTear Williams and Wood, a purchaser was found for the Bunwell firm.

The newly formed Finedale Foods Ltd – led by former FreightForce director Edward Miles – has promised to secure employment for most of Frank Dale's 57 staff.

Mr Miles said production has already restarted at the factory near Attleborough and new accounts are being opened with customers and suppliers.

The former Frank Dale Foods factory in Bunwell, which is now being run by Finedale Foods Ltd. Picture: Ed Miles (Image: Ed Miles)

'The team on site are working extremely hard to satisfy a backlog of customer orders and we will continue to build the Frank Dale brand,' he said.

'I looked to invest and manage the company prior to the liquidation but the depth of the company's financial crisis made that impossible.

'Buying the business and assets out of liquidation made sense and I am delighted to be the successful bidder with support from Angel Investors, New Anglia Capital and the local council who all worked quickly to support the bid.'

Andrew McTear, partner at McTear Williams and Wood, said the sale of business and assets was completed on March 1.

He added: 'This will result in a significant dividend to creditors so we see this as a win-win outcome.'