Northern Ireland

Fermanagh firm Tenderlean Limited - 40 jobs at risk

Cow
Image caption Cattle prices have increased by 50% over the past three and a half years

A meat processing company in Fermanagh has ceased trading, putting 40 jobs at risk.

Tenderlean Limited, which is based in Derrylin in County Fermanagh, supplied pre-packed beef, lamb and pork to supermarkets, convenience stores and restaurants.

The company has called in administrators, who said there were no funds to continue trading.

The administrators have said they hope to find a purchaser.

Like other meat processing operations, Tenderlean faced sharp increases in the price of raw materials at a time when the retail market was experiencing recession.

Cattle prices have increased by 50% over the past three and a half years, resulting in a drain on cash.

Retail meat prices have not kept pace with rising farm prices and as a result companies like Tenderlean have seen margins squeezed.

A previous company based on the site called Tenderlean Meats Limited went into administration in April 2010.

Its assets were then acquired by Tenderlean and the business continued.