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Highland Toffee Goes Under

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I think they've come unstuck...

From the BBC

The makers of one of Scotland's oldest and best-loved sweets have gone into administration, putting 103 jobs at risk.

New McCowans Ltd, which produces the Highland Toffee bar, has been losing money despite selling more than 140 million bars a year.

Administrators Grant Thornton took over the running of the company on Friday.

The sweet maker has had a factory in Stenhousemuir, near Falkirk, since the 1920s.

A spokeswoman for Grant Thornton said it had received some expressions of interest in taking over the business, which also makes the Wham bar, Pan Drops and Bonbons.

In March 2005, the company - then known as McCowan's - went into receivership, but was saved a year later after a deal was struck with an investment company.

The firm was originally founded by Andrew McCowan, who was born near Crieff in the late 19th Century.

He established his business in Stenhousemuir in the early 1920s, eventually launching its best-known product, Highland Toffee.

The company was sold to Nestle in the 1960s and was the subject of a management buyout in the late 1980s before being bought by Dutch company Phideas in the mid 1990s.

There was another management buyout in 2003, and in 2004 a £125,000 Regional Selective Assistance Grant was awarded for an expansion project.

Edited by Lepista

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http://www.candy-licious.net/products/Highland-Toffee.html

highland_toffee_original__67494_std.jpg

A random search reveals they are 22p each. If you wanted to know how you can buy "cheap" or at the "bottom", then find out the proift margin or the replacement cost. Clearly as they made a loss on every sale, 22p is the bottom, or very near to it.

---

Oh pun - erm, Toffee or not Toffee? That is the question.

Edited by Money Spinner

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http://www.candy-licious.net/products/Highland-Toffee.html

highland_toffee_original__67494_std.jpg

A randon search reveals they are 22p each. If you wanted to know how you can buy "cheap" or at the "bottom", then find out the proift margin or the replacement cost. Clearly as they made a loss on every sale, 22p is the bottom, or very near to it.

---

Oh pun - erm, Toffee or not Toffee? That is the question.

They didn't follow other manufacturers, like making the bar smaller, dilute the ingredients or swap ingredients, or just even raise the price (if they had pricing power).

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http://www.candy-licious.net/products/Highland-Toffee.html

highland_toffee_original__67494_std.jpg

A random search reveals they are 22p each. If you wanted to know how you can buy "cheap" or at the "bottom", then find out the proift margin or the replacement cost. Clearly as they made a loss on every sale, 22p is the bottom, or very near to it.

Hmmm...something to chew over

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You lot are sick, making fun of this. Yet another HPC thread gone to bitter, twisted dogs. There are thousands if not millions of innocent children affected, that they won't be able to enjoy Highland Toffee.

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You lot are sick, making fun of this. Yet another HPC thread gone to bitter, twisted dogs. There are thousands if not millions of innocent children affected, that they won't be able to enjoy Highland Toffee.

It could spell decay for the business prospects of several dentists

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At least there's something for the administrators to get their teeth into.

The administrators will have something to get their teeth into.

:o

Outrage!

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Mods, Are you going to make this topic a sticky...?

Another marathon thread.

Edited by pl1

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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