Mounting cash flow pressures force leading UK banana supplier into administration

The entrance to Winfresh's state-of-the-art facilities at Stanstead Ripening Centre, High Cross Lane

The entrance to Winfresh's state-of-the-art facilities at Stanstead Ripening Centre, High Cross Lane East, Little Canfield, Dunmow Picture: GOOGLEMAPS - Credit: Archant

Around 70 workers at a banana suppliers based in north Essex face an anxious time after the company went into administration.

A satellite view of Winfresh's state-of-the-art facilities at Stanstead Ripening Centre, High Cross

A satellite view of Winfresh's state-of-the-art facilities at Stanstead Ripening Centre, High Cross Lane East, Little Canfield, Dunmow Picture: GOOGLEMAPS - Credit: Archant

It’s unclear yet what the fate of the workforce at Winfresh UK Ltd, based at Dunmow, will be.

The company – launched in 1994 – is one of the UK’s leading suppliers of bananas including Fairtrade bananas from smallholders in the Caribbean, distributing the fruit to UK retailers and food service providers from its state-of-the-art ripening facility in Dunmow.

MORE – East Anglian insolvency expert’s warning as firms going bust dips amid crisis timelagJoint administrators Michael Lennon, Sarah Bell and Philip Dakin of Duff & Phelps were appointed on July 23.

Mr Lennon said: “In recent years the UK banana market has become highly competitive and that has impacted the company in terms of volume and pricing.

“As a result, the financial position of the company has become untenable and mounting cash flow pressures has resulted in the appointment of the joint administrators.”


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The administrators say they are working closely with Winfresh customers and suppliers to understand the short-term future of the business. But a spokesman said it was “too early” to say what would happen with the workforce.

“It is too early to define what the long-term prospects are for the company, but we will explore all the options available to the company,” said Mr Lennon.

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