Companies interested in buying Red Snapper as it officially goes into administration

Red Snapper Events, the much-loved caterer, has gone into liquidation with firms already expressing interest in its yet-to-be-valued assets.

Red Snapper officially goes into administration, no bids for assets yet received (
Red Snapper officially goes into administration, no bids for assets yet received (

Liquidator Middleton Partners, headed by senior partner Peter Yeldon, announced the liquidation after a meeting yesterday (4 August). Event broke the story last week.

Clive Fortis of Middleton Partners said no official bids had yet been received for Red Snapper Events' assets.

Fortis also confirmed that the process would not be a pre-pack administration, known as a 'phoenix', and that Red Snapper Events managing director Damien Clarkson and his team would not be buying any of the business back themselves. However, he did reveal that there are a number of external interested parties.

Fears that a pre-pack administration was in the offing had been expressed after the Red Snapper team established a new company, Red Snapper Projects Ltd, on 31 March this year.

Clarkson was as yet not available to comment and it is not known when Red Snapper staff will leave the firm.

The event industry has also come out in sympathy for Clarkson's plight.

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