Farm Refrigeration goes under

The credit crunch has claimed another victim, long-established refrigeration and apple-storage company, Farm Refrigeration.

Farm Refrigeration, based at Marden, Kent, was formed 22 years ago and stopped trading last week. A creditors meeting is slated for 11 December.

"A combination of reasons led to the collapse but the main one was the tough trading conditions," said Julie Vahey, a partner at accountant Benedict Mackenzie.

Farm Refrigeration, led by managing director John Haffenden, had debts of over £1 million and employed several staff, she said. The company could not be contacted.

"It's very sad for all involved. The firm has been trading for several years and creditors have been supportive because they have been dealing with it for a long time.

"There are no sinister reasons for the demise. The company stopped trading last week with a view to going into creditors' voluntary liquidation."

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