Mona Dairy, a UK-based own label cheesemaker, has unfortunately entered administration, as announced on its website. The joint administrators, Anthony Collier and Phil Reynolds from FRP, are currently assessing options for the company and will engage with all known creditors in due course.
Anthony Collier, the FRP administrator and partner, highlighted Mona Dairy’s modern and sustainable facilities but noted the challenge of securing funding to sustain operations. Regrettably, 24 employees have been made redundant, with support being provided to access the Redundancy Payments Service.
Moving forward, the focus is on finding a viable solution for the business, and interested parties are encouraged to come forward to explore potential opportunities.
Mona Dairy had recently faced difficulties following a £20m investment in its Anglesey headquarters in Wales. Despite efforts to establish itself as a leading cheese factory in Europe, external factors have hindered the company’s progress. Despite the setback, there remains hope for a new direction, potentially under new ownership.
The original investment in the Anglesey factory was supported by a £3m grant from the Industry Wales Business Innovation and Tourism Scheme, with plans to produce a range of Welsh artisanal cheeses for retail and foodservice markets, creating up to 100 new jobs.
In light of these developments, the company’s future remains uncertain. Interested stakeholders are encouraged to stay informed for further updates on Mona Dairy’s journey.
