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However, the collapse is likely to cause disruption for hundreds of convenience stores across Norfolk and Suffolk who will need to find new suppliers in the run-up to the busy Christmas period.
“The administration team will focus on working with employees, clients and suppliers to facilitate a smooth and effective wind-down or transfer of operations over the next few weeks.” Staff were paid their wages in November, said administrators, “with the support of its secured creditors”.Revenue from parts and servicing improved by around 10% while vehicle sales were up £20m.The group employed 349 people in 2016, up by 14 on 2015 This story has been updated to correct an inaccuracy.Administrators Pw C said in a statement that cash flow pressures and a failure to secure additional funding to support the business were to blame.Matthew Callaghan, joint administrator at Pw C, said: “The Palmer & Harvey name has been a trusted partner for retailers and suppliers for nearly 100 years.Profit before tax fell slightly from £1.49m to £1.4m.
The group, which has its headquarters at Diss, has offices across the region including in Norwich and Great Yarmouth.
Revised data will be released in January 2018 and finalised data in Spring 2018.
Suffolk has climbed more than 50 places in the national secondary school league table in five years after GCSE results improved, the provisional data has shown.
Inspirational individuals who have worked tirelessly for their communities and excelled in their work have been recognised in the New Year Honours.
See the full list of Suffolk and Essex recipients here.
The administrators are looking to sell P&H Direct Van Sales, P&H Sweetdirect and P&H Snacksdirect, all subsidiaries of Palmer & Harvey Mc Lane (Holdings) Ltd, across which businesses a further 450 staff have been retained.