New £4m Scottish plant goes into administration
A £4m state-of-the-art Scottish processing plant has been placed into administration before ever opening for business.
Caithness Beef and Lamb, in Wick, has only ever operated trial production runs. The plant was initially set up to provide an abattoir service for farmers in the north of Scotland and there were plans to develp a range of Caithness-branded meat products, but intense competition and rising costs within the meat slaughtering and processing sectors meant the business fell into financial trouble.
Administrators RSM Tenon, said that the 1,300sq m plant – which includes an abattoir, meat processing and packaging facilities, offices and storage space – is one of the most advanced in Europe. They are hoping to attract interest from Europe’s farming and food processing industries.
“We are selling a virtually new plant that could be brought into production relatively quickly and easily. The plant took three years to design and build, and features some of the best slaughtering and food processing equipment available,” said RSM’s Iain Fraser.
“The administration represents an outstanding opportunity for an existing meat or food processing business to instantly acquire additional capacity.
“Alternatively, the facility could appeal to an entrepreneur that sees an opportunity to launch a new abattoir and branded meat processing business. We would urge interested parties to make contact with us as quickly as possible.”