THE founder of high-end Devon food company Eversfield Organic Ltd has vowed to bounce back, after the company fell into administration with debts of nearly £7 million.
The Okehampton-based business, which sold produce in London’s upmarket Selfridges, fell into severe financial difficulties and blamed postCovid changes to shopping habits, which made its stores in Totnes, Tavistock and Marlborough, in Wiltshire, unsustainable, with all now closed.
Administrators at accounting consultant Mazars this week published their proposals and said it is not feasible to rescue Eversfield Organic as a going concern. Documents filed at Companies House revealed debts of nearly £7 million.
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