AH Worth Group’s Financial Challenges Lead to Operational Cessation and Job Insecurity
FreshPlaza reports on the recent administration filing by QV Realisations Ltd, a prominent vegetable producer in Lincolnshire, UK, and part of the longstanding AH Worth Group. The company’s financial difficulties over the past two years have culminated in its closure, leaving approximately 200 jobs at risk. Despite efforts to find a buyer for the business, administrators from Teneo Financial Advisory Ltd were appointed to manage the wind-down process.
QV Realisations Ltd’s decision to cease trading primarily stems from fluctuating potato prices and escalating operational expenses, which have severely strained its financial viability. The closure affects operations specifically in Holbeach, while other entities under the AH Worth Group, such as those in Fosdyke, continue to operate independently and remain unaffected.
In response to the administration, a minimal team remains to oversee the orderly shutdown of operations, with support from Teneo’s specialized teams. Efforts are underway to assist affected employees by facilitating access to government services and exploring local employment opportunities.
AH Worth Group, renowned for its extensive history dating back to 1895 and its diversified vegetable production, continues to uphold profitability and robust financial health across its remaining operations.
