Cooks the Bakery slips into history as stores are sold off

27 January, 2012
Page 4 

Cooks The Bakery is set to disappear from the high street, after seven stores were sold out of administration.

The West Midlands-based firm, a successor to the Three Cooks brand, which at one point ran 120 stores, collapsed last November and six loss-making sites were shut immediately.

Out of the remaining nine, seven have now been sold to individual operators, via administrator ReSolve Partners, saving 37 jobs. The administrator has managed to sell stores in Alvechurch, Stourport, Nuneaton, Westbury, Canterbury, Horley, and Tilgate.

The two remaining trading Cooks The Bakery sites are also under offer and are due to be acquired shortly.

The firm ran into trouble after being hit by increased commodity costs, including flour, and a fall in consumer spending.

Latest accounts filed at Companies House show the company made a loss of nearly £594,000 in the year to 27 March 2010, slipping into the red after making a small profit in 2009.

Revenue, including sales from outlets in Northfield, West Heath, Bromsgrove, Dudley, Halesowen, Kidderminster and Redditch, fell from £13.7m to £10.7m across the period.





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