How it all went wrong for Farmdrop

Pugh, who stepped down as chief before the pandemic, seemed sure the company would emerge from Covid as a winner. 

On a podcast last February, he said: “There is so much hairy stuff going on out there, and there is so much suffering, you can’t start cheering about all of this just because you happen to be in one of the places where you’re having a big demand bounce. 

“But the reality is, pre-Covid, less than 10pc of the UK had shopped online and with lockdowns and everything else, it has massively accelerated demand for that grocery channel.” 

Soon, however, the website faced fierce competition from Britain’s established grocers, which in some cases doubled their online delivery slots overnight. 

Private equity observers suggest the start-up’s premium offering never truly took off beyond the affluent areas of London, making it difficult to scale profitably. 

“The [supply chain] intentions were noble, but the prices were too prohibitive for most,” says an industry executive. 

While early adopters lamented its demise, customers left with outstanding Christmas orders and disgruntled suppliers due money took to social media to berate the firm.

One employee, meanwhile, claimed some staff were told over email that they no longer had jobs. Others threatened legal action, arguing that Farmdrop failed to consult its employees properly during the redundancy process. Law firm Simpson Millar was contacted by many of the workers who were made redundant. 

A group of farmers and former suppliers – Sladesdown Meat, Sole of Discretion, Purton House Organics and Perdon Organics – have formed a collective to continue supplying Farmdrop customers and avoid lost sales and food waste after the company went bust.

A spokesperson for administrators at RMT Accountants & Business Advisors said: “Following our appointment, all creditors were written to and notified of our appointment, and the process for submitting claims for amounts that may be owed to them was set out.

“Our work has included actively contacting suppliers to invite them to submit claims to recover stock that had not been paid for, where trading terms were in place allowing them to do so.

“The vast majority of the claims to recover stock have now been adjudicated, and suppliers with valid claims have been invited to collect their stock. The administration process is currently ongoing.”

For now, all suppliers, employees and other creditors, including lenders, can do is wait to see if there is any leftover money for their pockets.

Related Posts

they were looking for air defense and artillery depots in

They were looking for air defense and artillery depots: in Odesa, the SBU detained a couple of spies (photo)

Both were citizens of the Russian Federation, who were sent to Odessa four years ago. The SBU detained a couple of spies / SBU The Security Service…

the cash dollar in privatbank became cheaper

The cash dollar in “PrivatBank” became cheaper

You can sell American currency in the bank at the exchange rate of UAH 39.20. per dollar The exchange rate of the euro against the hryvnia rose…

the dream game journalists shared their impressions of diablo 4

The dream game: journalists shared their impressions of Diablo 4 and laid out new gameplay

According to reporters, this is exactly the project that fans deserve. Diablo 4 / photo by Blizzard Today, December 8, the ban on the publication of preliminary…

the life of the four signs of the zodiac will

The life of the four signs of the Zodiac will change dramatically right now

Who made it to this list – read on. Four signs of the Zodiac will change your life / msn.com December 8 will be a full moon,…

the ministry of defense adopted the dzvin as control system there

The Ministry of Defense adopted the “Dzvin-AS” control system: there were problems with it earlier

According to Reznikov, the system successfully passed departmental tests in the spring of 2022, and later – state tests. The Ministry of Defense adopted the “Dzvin-AS” management…

forecaster on the weather in the coming days the temperature

Forecaster on the weather in the coming days: “The temperature will jump to spring marks”

According to forecaster Nataliya Didenko, a significant increase in temperature is expected already in the coming weekend. Weather in Ukraine / photo In Ukraine, a significant warming…

Leave a Reply

Your email address will not be published. Required fields are marked *