Overview
- Press London Ltd, which trades as Press Healthfoods, entered administration Tuesday with FTS Recovery’s Marco Piacquadio and Rachel Elizabeth Ennis appointed as joint administrators, according to Companies House.
- The London wellness brand sells juices, smoothies, soups and meal plans, with products stocked in Asda, Sainsbury’s and Marks & Spencer.
- Companies House filings list about 25 employees, leaving staff facing uncertainty over their roles as the process begins.
- Neither the company nor the administrators have set out causes, a rescue plan, or what happens next for orders and supermarket supply.
- The failure fits a wider pattern of UK company insolvencies reported this year as rising costs strain consumer brands and retailers.