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Credit & Finance: One-Year Wonders – A case study Part 2

- Produce Blueprints
Trade experience survey data reported on Stonehedge Produce Corporation, previously located in Atlanta, GA, never exceeded more than two trade reports.

Credit & Finance: One-Year Wonders – A case study Part 1

- Produce Blueprints
In past articles, we typically have studied companies with a more significant tenure and with a well-established footprint. However, there are some produce companies that don’t make it past their first year—as previously mentioned, approximately 20 percent of them.

Credit & Finance: One-Year Wonders

- Produce Blueprints
According to the U.S. Bureau of Labor Statistics, nearly one in five U.S. businesses fail within the first year.

Fruits Et Legumes Royal files intent under the Canadian Bankruptcy and Insolvency Act

- Blue Book Services
Montreal-based importer-receiver, Fruits Et Legumes Royal, filed an Intention to Make a Proposal under the Bankruptcy & Insolvency Act last week in the Superior Court of Quebec under court number 500-11-061949-232.

Lakeside Produce files bankruptcy, owes $188MM

- General News
Leamington, ON-based greenhouse grower Lakeside Produce Inc. filed for bankruptcy last week, owing $188 million (Canadian) to creditors.

PACA Trust bankruptcy case could go to Supreme Court 

- General News
A federal appeals court ruling this summer that allowed a bankrupt Florida grocery store owner to discharge debts owed to a produce supplier has raised questions about the PACA Trust.

A credit risk case study: The conclusions from H. Brooks saga

- Produce Blueprints
So what really happened here? Why did this century-old company close its doors?

A credit risk case study: H. Brooks’ ownership change and optimism

- Produce Blueprints
In the summer of 2019, H. Brooks and Company, LLC, New Brighton, MN, had entered into a definitive agreement to sell its stock and become a wholly owned subsidiary of New Harvest Foods, Inc.

A credit risk case study: What happened to H. Brooks

- Produce Blueprints
Data, scores, and A/R provided sufficient warning and reason for vendors to monitor transactions and outstanding balances with H. Brooks and Company, LLC, New Brighton, MN more closely.

A credit risk case study: Tracking the demise of a century-old company

- Produce Blueprints
Every year, this Blueprints department discusses a company that closed its doors during the prior year. Our objective is to see if we, as credit extenders, can learn from the company’s decline or help reinforce processes to minimize the impact. For those who were on the short end, this case study will perhaps provide hindsight and lead to more proactive steps when the next customer begins to fail, because it will happen.