Leeds-headquartered food company, Meatless Farm, has made all its teams redundant and ceased trading.
Founded in 2016 by Danish entrepreneur, Morten Toft Bech, the business’s 50 staff have lost their jobs as the firm looks set to fall into administration.
Meatless Farm made plant-based meat alternatives stocked in major UK supermarkets but has been hit by a decline in demand for plant-based products and an already crowded market.
Reports from the BBC indicate that insolvency firm Kroll is now advising the firm on its options.
Tim Offer, commercial director, said on LinkedIn: “Sadly my time at Meatless Farm has come to an end. After a fantastic 10 months leading a talented and highly engaged sales team the business has unfortunately made all the teams redundant. I learnt a huge amount in a short space of time and have absolutely loved the people and the brand.”
