Ann: Appointment of Voluntary Administrators, page-2

“Beston has experienced a perfect storm of adverse events in recent times”. They go on to talk a lot about what a wonderful business they built, winning numerous awards, but costs killed them…
So, apparently 'not our fault'.

Since they have now entered Administration I am guessing the offer from Megmilk Snow was not enough to keep the bankers happy. I can only hope the administrators can do something in terms of a recapitalisation, but in truth I suspect they will sell off the assets to pay most of the debts and there will be nothing left for shareholders. ☹