Banham Poultry recruits for 100 new workers, a week after nearly going out of business
PUBLISHED: 15:12 10 October 2018 | UPDATED: 17:03 10 October 2018
Banham Poultry is looking to take on 100 new workers, just days after a rescue deal that saved the jobs of its 1,000 employees.
Adverts have begun to circulate on social networks for the posts, which offer an immediate start at the Attleborough factory.
The company was not immediately available for comment about the jobs, but a recruitment drive would support the positive noises made by new owners Chesterfield Poultry.
When the deal was announced, Chesterfield Poultry chief executive Nadeem Iqbal said his company was looking forward “to continuing the legacy of the brand and quality poultry production in Attleborough”.
Martyn Bromley, chief executive of Banham Poultry, had also assured the company’s workers that their jobs would be safe and the new owners were keen to invest in the Norfolk site.
An advert for recruitment company Tailor Made Sourcing, which operates across east Lancashire and west Yorkshire, says it is “seeking a large number of poultry production operatives to work within Banham chicken factory”.
The duties include production, packing, labelling and boxing cuttings of chicken working, within the feather room.
It says that for the right candidates “this is an ongoing position”.
Derbyshire-based Chesterfield Poultry bought the assets of Banham Poultry in a pre-pack administration on Friday. A pre-pack administration is a procedure in which the assets of a company are bought and transferred to a new company, leaving behind the previous company’s debts.
The deal followed Banham Poultry going public with its financial difficulties and subsequent search for a buyer, after a summer in which it had been hit by rising feed prices, falling trade and disruption from bedding in new machinery it had invested in.
Joint administrator Allan Graham of Duff & Phelps said: “The business has faced a perfect storm in recent months, with increasing margin pressures from supermarket chains as a result of price competition, combined with increases in feed prices.
“It had been undertaking a number of capital projects designed to improve productivity in the longer term but these have impacted short-term profitability which in turn has hit margin.”