Food and drink industry making up 6% of UK administrations, report shows

Companies working within the food and drink industry accounted for 6% of UK-based administrations in 2022, according to research from law firm Shakespeare Martineau.

87 of the overall total of 1,340 businesses (a 56% increase compared to the 2021) came from the food and drink sector, making it the sixth highest sector in the UK.

Read more: Wholesalers struggling to fund digital projects, research shows

Andy Taylor, partner and head of restructuring at Shakespeare Martineau, said: “The latest statistics show that the true costs of living and doing business are beginning to bite. Numerous headwinds – such as the cost of borrowing, and increasing energy, fuel and raw material costs – have become a new normal at this point and businesses are being pulled from every direction. Furthermore, while supportive in the main, pressure from lenders is increasing and HMRC is taking a firmer stance, seeking to cap levels of liability for non-payment of tax.

“While the UK is perilously close to recessional phase, businesses must have a clear focus on cash flow and look to save costs where possible. Directors must continue to plan strategically for the ever higher costs of ‘doing business,” he added.

Avatar photo
Paul Hill is the Editor of Better Wholesaling. He can be found on Twitter at @BW_PaulHill, or contacted via and 07960935659.


This site uses Akismet to reduce spam. Learn how your comment data is processed.