Creditors set to miss out on almost £2.9m following agri-tech company’s pre-pack deal

A Lincolnshire agri-tech firm collapsed into administration owing almost £2.9m to unsecured creditors – not a penny of which they are likely to see again, TheBusinessDesk.com understands.

Househam Sprayers, based in Woodhall Spa, fell into administration on February 10 and brought in FRP Advisory to look after the day-to-day running of the company.

Founded in 1970, and based in Woodhall Spa, Househam has operated in the agri-tech manufacturing sector for over 40 years.

The business specialises in the production and engineering of a range of self-propelled crop spraying machines.

The company was sold to Househam Group in a pre-pack deal which will see the firm relaunched with a new board of directors set up to work alongside managing director Robert Willey, who is also a director of Househam Group alonside Frank Pearson, the company’s FD.

The deal saw 50 jobs saved.

The board of directors consists of Nick Snowden (commercial director), Dean Eaton (operations director) and Frank Pearson (finance director). The senior management team includes Andrew Todd (supply chain), Stephen Melton (product support), Andrew Tingey (engineering), and Danielle Pole (HR and marketing).

Willey said at the time: “We are excited to relaunch under a new name whilst continuing to deliver the expertise and quality our customers and partners trust. This transition strengthens our foundation, ensures continuity in our services, and unlocks new growth opportunities.”