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Hill Station has shares frozen

Nick Goodway
24 Sep 2008


After two dire, wet summers, posh ice-cream maker Hill Station, which also owns the Loseley and Granelli brands, had its shares suspended on the junior stock market AIM today.

The company, which has taken over three of its rival premium ice-cream makers in the last three years, is trying to raise new funds to boost its working capital.

The demand for upmarket ice cream has been badly hit by the lack of sunny weather for the last two years and also by the entry of the Nestlé-owned Häagen-Dazs and Unilever-owned Ben & Jerry's brands into the UK market.

Hill Station, whose signature flavours include cinnamon and cardamon, said its financial adviser Dowgate Capita and finance director Robert Alstead had resigned.

Alstead only joined the company with the new management team in January.

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