24 jobs at risk as agricultural firm enters administration

Some 24 jobs are at risk at a Lincolnshire firm which has slipped into administration.

Chris Pole and Mark Orton from KPMG have been appointed joint administrators to M&J Haulage, a sugar beet handling company based in Snelland.

The company, which employs 24 people and a number of subcontractors, operates as an agricultural contracting business, specialising in the cultivation of sugar beet and other arable crops. The company grows its own crops whilst also providing contract farming and haulage services to other customers in the East Midlands.

Administrators say the company had been impacted by reduced contract volumes leading to a “material downturn in profitability” and “subsequent cash flow issues”. With growing creditor pressure, the inability to obtain further funding and in the absence of any committed increase in long-term orders, it was deemed that a viable business no longer existed. Operations on site have been suspended and all employees have been sent home while the joint administrators assess the options available.

Pole said: “The company had recently seen a decline in its order book, which led to significant pressure on its cashflow. Over the coming days, we will be assessing options for the business, including the possibility of resuming operations, while we explore a sale of the business and its assets.”