A chain of UK butchers has collapsed into administration after running out of cash, putting hundreds of jobs at risk.

Crawshaw Group, which was listed on the London Stock Exchange’s junior market, had been trying to find extra funding that it needed to address “key issues it had identified with the company”.

In a statement to the stock market on Wednesday, Crawshaw said: “The board has been in discussions with existing investors and prospective investors.

“Unfortunately these discussions have not been successful in raising sufficient capital to address those key issues.”

The company said it “does not have sufficient cash resources to effect the required restructuring of the business”, and as such plans to appoint administrators to try and find a buyer

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