date:Nov 28, 2012
rs have announced to stakeholders and employees of the company a phased wind-down of operations.
Loss of Morrisons contract
The administrators have been looking for a buyer for the firm since it first went into administration . The situation was caused by the loss of a contract to supply Morrisons own-label pizza, which represented 40% of Paramounts business.
Announcing the administration on October 5, Whitehouse said: While the company has incurred trading losses historically, the recent los