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Administrators go in at 4000-sow farm

05 March 1999
Administrators go in at 4000-sow farm

ONE of the countrys biggest pig farmers has called in the administrators after becoming the latest victim of the crisis in the industry …more…
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Administrators go in at 4000-sow farm

05 March 1999
Administrators go in at 4000-sow farm

By FWi staff

ONE of the countrys biggest pig farmers, MJH Farms of Lincolnshire, has called in the administrators after becoming the latest victim of the crisis in the industry.

The breeding and fattening business owned by Michael Hook of Sandilands Farm, Laughterton, near Lincoln, is said to be “losing substantial sums” every week.

At any given time, MJH Farms breeds from some 4000 sows and fattens a further 40,000 pigs on indoor and outdoor units across Lincolnshire and Nottinghamshire.

Restructuring

Lindsay Denney, corporate recovery partner for administrators Deloitte & Touche, confirmed yesterday that he had been called in to restructure the companys finances.

“Pig farmers are losing substantial sums every week and the more pigs you have the bigger the loss,” he said.

“With banks and feed companies having to bear the brunt of these losses, it is not surprising that some farmers are having to say enough is enough.”

Farmer Michael Hook was unavailable for comment yesterday, but there is still a chance that he will carry on farming.

Buy-back?

Arthur Simmers, the Scottish pig producer whose empire went into receivership last August owing millions of pounds, ending up buying back his business months later.

Mr Simmers, his wife and two sons, successfully bid in December for the three Simmers companies which collapsed owing £11 million.

The new company took on all 116 employees from the old companies which was previously Scotlands biggest pig breeding operation with 16,000 sows.

The reconstruction proposals for Mr Hooks business will be put to creditors in a few weeks and until then it is business as usual.

  • Collapsed pig giant back in business, FWi, 23 December, 1998
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