Sainsburys watch on as another of its suppliers wants out
Posted on: 21/01/20
It seems wherever the name Sainsburys appears and dairy together its often associated with devastating news.
Now NFT a distribution firm close to our offices in Derbyshire who employ close to 2,000 people are seeking a new buyer with the help of Pricewaterhouse Coopers.
NFT’s biggest customer is Sainsburys for whom NFT transport their chilled food and drink to stores across GB.
The NFT business lost £31 million to September 2018 and the figure to 2019 is yet to be declared but the odds are firmly in favour of a deterioration in what was already a shocking set of 2018 financials.
According to Sky News “Sainsburys declined to comment” surprise, surprise.
So, Medina take Sainsburys on as its main customer and in under two years its annual results were crippling. Tomlinson’s went into administration with Pricewaterhouse Coopers (PWC) called in following two years of having Sainsburys as its largest customer. Now PWC are handling the attempt to sell NFT who also have Sainsburys as its main customer. There appears to be a common link here.
The list of Sainsburys suppliers who have to learn quickly to ‘Live well for less’ continues to grow.