Brexit and pandemic blamed for importer’s administration
One in three jobs have been lost at a food importing business in Hull despite a pre-pack administration which has saved 32 jobs.
Hider Food Imports had been struggling for some time with changes to import rules following Brexit affecting its financial performance even before the pandemic hit, which intensified its difficulties as demand fell.
It lost £1.15m in 2019, which doubled in 2020 to £2.3m. Sales have been in decline, from £25.5m three years ago to £14.0m last year.
Hider has traded for 55 years and is now a third-... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
