The appointment of Rothschild as an advisor for Boparan’s upcoming refinance initially struck us as odd. However, Rothschild worked with

Boparan will be refinancing its SSNs in 2024, so it is an opportune time to upgrade the CFO as work begins to sell a story to Investors. The article suggests a

Today's long article in the FT about the pricing woes for chicken UK producers doesn’t have much new news. However, it does illustrate that

Please find our updated analysis here.

Boparan’s Q3 22/23 results were much better than expected, but our model still points to a challenging refinance process. The big question for Boparan’s refinancing is simple: can the company generate EBITDA >£120m whilst covering cash interest with

The allegations of welfare issues at one of 2 Sisters farms in Lincolnshire will depress bond prices. A welfare scandal is a headache Boparan could do

Ukrainian butcher MHP wants to sell more chicken into the UK market, and as existing exporter should be capable of meeting the logistics challenges of

The closure of a facility by Avara underlines the warning about profitability made by Ranjit Boparan earlier this week. Fuel/ labour and commodity cost

Price support funded by sales & leasebacks is working for Morrisons. The company had the cheapest basket in a recent test shop by

The timing of the sale of Hollands/Portumna to the Boparan Private Office is curious but understandable. The going concern paragraph in the