Unable to straighten out the company's financial affairs, directors of the UK's De Roma Ice Cream have called in administrators Ernst & Young, the publication Accountancy Age reports.(Last Licks)

Ice Cream Reporter, December, 2003

* Unable to straighten out the company's financial affairs, directors of the UK's De Roma Ice Cream have called in administrators Ernst & Young, the publication Accountancy Age reports. The Lancashire-based firm is one of the country's largest manufacturers and suppliers of private label multi-pack ice cream for supermarkets.

Established more than 80 years ago, De Roma has annual revenues of 21 million [pounds sterling] ($37 million) but is being done in by poor cash flow, which has forced the firing of 55 members of its staff of just over 200. Ernst & Young corporate restructuring partner Simon Allport said the company will continue to trade while a review is carried out. Allport noted that the administrators are investigating "expressions of interest from a...

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