Cornwall-based pasty and pastries supplier Crantock Bakery has shut with the loss of more than 100 jobs.
Crantock had been in business for almost 30 years, originally supplying pasties from a small shop in the village of Crantock and later moving to a site at Indian Queens near Newquay.
The business entered administration after continued commercial difficulties, according to administrators Grant Thornton.
“Attempts have been made to sell the business in recent weeks, but despite the best efforts of management, cash has deteriorated rapidly, leaving the directors with no choice but to close the business,” stated Grant Thornton.
“Regrettably, it has not been possible to continue to trade the business in administration.”
As a result, 109 employees have been made redundant, with 10 staff retained to help with the closure of the business and sale of stock.
Trade group the Cornish Pasty Association said was it was “very saddened” to hear of the closure of Crantock, which had been a longstanding member and had contributed to the successful application for PGI status for the Cornish pasty.
“It will be a big shock to the bakery industry in Cornwall to learn that this has happened to such a substantial manufacturer and employer,” said the association.
“We will be doing everything we can to assist those who have been made redundant and are in the process of finding out whether any of our members have vacancies to fill. Anyone looking for work can keep an eye on our website and our social media channels for updates.”