Norfolk packaging firm with almost 150 staff goes into administration

Camvac's plant in Thetford <i>(Image: Google)</i>
Camvac's plant in Thetford (Image: Google)

A food packing company which employs almost 150 people in a Norfolk town has gone into administration.

Official record the London Gazette states administrators Alvarez and Marsal Europe have been appointed by the High Court at Thetford-based Camvac Ltd.

The business, which operates from Burrell Way, and the administrators have been contacted for more information.

It comes three years after Camvac underwent major expansion, saying demand for the food packaging products it produced had increased since the pandemic.

The £22m turnover business, which employed 120 people, was taking on 15 more staff and ramping up production from two shifts to three to operate 24 hours a day five days a week.

In their report for the year ended June 30, 2022, the directors said the profitability of the business had been "considerably improved" following a "substantial" loss in 2021.

It added: "There is confidence we can sustain positive profitability in 2023."

Turnover was up from £20m to £26m, with a profit of £288,000 compared to a £1.3m loss in 2021.

The report said the business was developing "exciting new products" and exercising tight cost control.

Accounts also showed Camvac's debts had increased from £9.4m in 2021, to £11.7m in 2022, while the accounts to June 2023 have not yet been filed on the Companies House website.

Camvac, which has operated in Thetford for more than 50 years, supplied food firms around the globe with packaging materials.

Former prime minister and South West Norfolk MP Liz Truss visited the company in January to officially open a new lamination line to produce bag-in-box containers.

The business also supported efforts by people in Thetford to collect humanitarian aid and send it to Ukraine following the Russian invasion.