Administrators were called into frozen desserts factory Bonne Bouche Frozen UK in Hartlepool last week, for the third time in four years.
Joint administrators Mark Firmin and Richard Fleming, of KPMG Restructuring, have announced that all but 10 of the 242-strong workforce have been made redundant. The administrators said a shortage of working capital meant Bonne Bouche was unable to continue trading and, as a result, the redundancies had to be made.
The remaining staff are assisting the administrators. Firmin said: "This business has struggled to make a profit due to tough trading conditions in a competitive environment. We are keen to hear from any parties interested in buying the business."
The factory was previously owned by Hibernia Foods, which called in administrators in October 2003. Freshbake Foods bought the site in January 2004, survi-ving just six months. Then Bonne Bouche, a company set up by a management buy-out team, took over in July 2004. In December 2005, the company went through a major restructure.
The company produced its frozen desserts for supermarkets and retailers to sell as own- label products.