Allplants has officially entered administration, with 65 members of staff having been made redundant.

Last week, the plant-based meal manufacturer’s founder Jonathan Petrides said the executive team were “working tirelessly” with recovery firm Interpath to evaluate “all possible options for restructuring, refinancing and ensuring the sustainability of Allplants”.

Interpath’s Will Wright and Howard Smith were appointed joint administrators on Friday (22 November) and while they intend to trade the business for a short period to sell all remaining stock, with production at Allplants’ manufacturing site having ceased, 65 staff members have been made redundant.

Interpath UK CEO and joint administrator Will Wight said: “As a matter of priority, we will be supporting those members of staff who regrettably have been made redundant as a result of the administration.”

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The business, which was founded in 2016, had grown to develop an omnichannel offering with its products available online and via over 100 partner retail outlets, as well as through quick commerce operators.

But like many other businesses in the plant-based sector, Allplants faced trading headwinds in recent years, from soaring food, transport and energy costs and a lack of consumer confidence amid the cost-of-living crisis.

Wright said: “Allplants has grown to become a well-known and popular brand, with its range of ethically-produced, healthy, plant-based ready-meals. Indeed, in recent years, the company was successful in being awarded B Corp status, in recognition of its enhanced commitments to sustainability and environmental goals.

“Unfortunately, however, the economic headwinds that have impacted many UK businesses over the past 12 months have been too challenging for the company to overcome.”

“We will be trading the business for a short period while we seek to sell all remaining stock and, in due course, will also be seeking to realise other assets including the Allplants brand.”