Kennelpak, a pet products wholesaler and manufacturer, has entered administration, leading to the loss of 51 jobs. The company, backed by private equity firm Endless, called in administrators Kerry Bailey and Mark Thornton from BDO on 3 July.
The administrators swiftly concluded a sale of the Yakers brand, including its stock and assets, to Assisi Pet Care, securing the positions of two staff members. While this deal helped preserve part of the business, the remaining assets are now being reviewed for potential sale.
Despite reporting an increase in turnover, from £33.8m to £37.1m, and returning to profitability, Kennelpak was unable to overcome its financial difficulties, ultimately leading to the redundancy of 51 employees. The administrators are assisting affected workers with redundancy claims.
