Nourish Foods Pty Ltd - Voluntary Administration

Nourish Foods Pty Ltd, the parent company of leading organic snack brand Whole Kids, entered voluntary administration on 5 September. Founded in 2005 by couple Monica and James Meldrum, the business has grown to over $23 million in revenue over the past 5 years, with the company’s products sold in over 3,000 retail stores across Australia. The company needed additional working capital, however, and earlier this year launched its third equity crowdfunding campaign, hoping to raise an additional $1 million. When the funding didn’t materialise, the decision was made to put the business in voluntary administration. Tim Heesh and Mark Everingham of TPH Advisory were appointed joint administrators and are seeking expressions of interest for the business.