Receivers at pig firm

29 September 2000

Receivers at pig firm

NEWSHAM Hybrid Pigs called in the receivers this week after running into trading difficulties.

RSM Robson Rhodes, which is handling the companys affairs, says: "A disputed customer debt on top of the recent pig recession and a stop on exports caused by the recent swine fever scare has led to a cashflow crisis."

The company, with a £5m annual turnover, produces about 1000 replacement gilts a week, of which 20% are exported to Europe and the Far East. Sales have recovered slightly since the spring and receivers hope to sell the company as a going concern. &#42

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