Nourish Foods Pty Ltd, the parent company of organic childrens food brand Whole Kids, has been placed in voluntary administration, just months after it failed to raise $1 million via crowdfunding.
The 18-year-old B Corp-certified family business is now being put on the market by administrators Tim Heesh and Mark Everingham of TPH Advisory after suffering a surprising capital crisis for such a mature venture that was often seen as an entrepreneurial success story.
Tim Heesh said the administrators intend to work with founders Monica and James Meldrum and key stakeholders to the next steps, including seeking expressions of interest for either a recapitalisation or the sale of Nourish.
The business has been placed into voluntary adminis…
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