Buyer sought for Countrywide Farmers, as it goes into administration.

The Worcestershire based company is one of the UK’s leading suppliers of agricultural goods, employs more than 700 people and has 48 stores.

Administrators have been appointed from KPMG, who said no “initial redundancies” had been made.

Countrywide directors said with “significant regret” the business faces “a very uncertain future”.

The company, based in Evesham, closed 14 stores a year ago and announced plans to sell the remaining 53 to Mole Valley Farmers Ltd, but this could not be approved and the Competition and Markets Authority (CMA) announced an investigation.

Countrywide announced it was going into administration as the CMA investigation could last up to six months, and the company said it will be “unable to meet its financial obligations for this extended period of time”.

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About The Author

John Swire - Deputy editor of Agronomist and Arable Farmer as well as responsibility for the Agronomist and Arable Farmer and Farm Business websites. After 17 years milking cows on the family farm John started writing about agriculture in 1998 and has since written for a variety of publications and has developed a wide circle of contacts within the industry. When not working John is a season ticket holder at Stoke City and also of late has become a fitness freak, listing cycling, swimming and walking as his exercises of choice.