hich manufactures and delivers high protein frozen meals, has entered voluntary administration.According to SmartCompany, the business’ collapse follows an internal dispute amongst its directors, and despite administrators being appointed in May, the company will continue to manufacture and trade throughout the sale process.
Based in Sydney, Muscle Meals Direct manufactures high protein, low calorie frozen meals and delivers them to gyms and supplement stores across Australia.
It’s expected the company’s 20 or so employees will stay on-board throughout the administration process.
Steve Arthur Gladman, who together with David Ingram of Hall Chadwick was appointed as administrator, told SmartCompany the business had a turnover of about $5 million per annum and was receiving considerable interest from prospective buyers.
There are a number of interested parties … We’ve been trading on through the whole period and I’m confident about the sale,” he said.
