ANOTHER animal feedstuffs business has been put into receivership, after cash flow difficulties in an increasingly tough market.
Daimar, based in Lampeter, Ceredigion, had been supplying compound feeds and complete diet mixes to farmers throughout west Wales, and had developed an international trade for its silage additive, Folia. Total turnover came to £2.1m in the last financial year.
The collapse has been triggered by the withdrawal of supplies by NWF Agriculture, when Daimar was unable to meet a £130,000 debt in full by the end of June.
The company is still trading in the short term while the receivers look for a buyer. *