Real Good Food moves finance arm to London

FOOD manufacturer and supplier Real Good Food, which sold its loss-making sugar business Napier Brown to French co-operative Tereos for £34m in May, is relocating its finance division to London.

The Liverpool-based business also announced that its group finance director Mike McDonough will be leaving the business in August.

“Following the sale of Napier Brown Sugar, it has been decided to relocate the group finance function to the London head office at the same time as devolving greater financial responsibility and accountability to strengthened local finance teams in the individual business units,” the company said.

“As a result of this, Mr McDonough, who is currently based in the North-West, has decided to leave the company. He will remain available to provide support to the Company over the coming months, while this period of transition is completed.

“The board would like to thank Mike for his contribution both as finance director of Renshaw and since 2009 as Real Good Food finance director where he played an important role in the recent corporate initiatives and wishes him every success in his future career.”