Meat cleaver comes down on Southport Butchers

Meat cleaver comes down on Southport Butchers

The meat cleaver has come down on a popular town centre butchers after the company went into administration.

Crawshaws butchers had a number of outlets and only recently opened in Southport and found popularity among town centre workers and Southport college students for its cheap ready done meals and meat.

However the parent company who owns Crawshaws fell into administration on Monday and staff were told they were out of a job as of last night.

Anyone who still had stamps for their Christmas hampers should call 01942 885520 for a refund.

The company said it did not have “sufficient cash resources” to carry out a restructuring after it failed to raise funds from investors.

Earlier this month, the retailer said it was attempting to raise equity to restore growth and profitability.

According to its latest set of results for the six months to 29 July, the group posted revenue of £21.6 million and a pre-tax loss of £1.7 million.

In a statement posted on its website , Crawshaws said despite discussions with existing investors and prospective investors, they had “not been successful in raising sufficient capital” to address key financial concerns.

The statement added that the board had “taken the decision to place the company into administration and intends to appoint administrators shortly with the purpose of seeking buyers for the group’s business and assets on a going concern basis.”

Its shares have been suspended from trading on the London Stock Exchange’s junior AIM market.

The Yorkshire business opened in 1954.