Merlin drinks supplier axes 700 staff

Administrators at collapsed drinks supplier Waverley TBS, which supplied Merlin Entertainments attractions, have made almost 700 staff redundant.

The company entered administration last week and the job losses were made when a buyer for the struggling company was not forthcoming.

Daniel Butters of administrators Deloitte, said: “Regrettably, despite our continued efforts, we have been unable to identify a suitable buyer for the business.

“Whilst we will continue to consider offers for the sale of the business as a going concern, we will now focus on realising value from the company’s assets.”

The company’s misfortunes have so-far no affected supply to Merlin’s attractions in the UK and the company will continue to operate with 97 staff members.