Administrators have been called into two Redditch food specialists with combined turnovers of nearly £30 million – putting nearly 40 jobs at risk.
Administrator MCR has been called in following the financial crash of Oriental Delight Foodservice and Vision Seafoods, based in Redditch.
The collapse threatens 25 jobs at Vision Seafoods, one of Europe’s leading importers and wholesalers of speciality seafood, meat and poultry and a further 14 at Oriental Delight Foodservice, which specialises in ethnic markets.
MCR is currently seeking a buyer for the businesses, which they are continuing to trade.
Two other sister companies, Seatek (UK) and Evergreen Food Services, have also been caught up in the financial collapse, with a further 111 jobs at risk.
The four companies are part of international food group British Seafood, which fell into administration last week.
Jason Godefroy, partner at MCR, said: “This is a complex case involving multiple parties, but we are still trading through the administration process as we identify a buyer as the underlying business is profitable.
“It is too early to identify the reason why these companies fell into administration as it does appear to be company specific as opposed to adverse market conditions.”