Jobs at Sunfresh Bakers are safe, after bosses bought the business out of administration.
Directors Stephen and Mark Taylor bought its assets and goodwill, safeguarding 140 jobs, and will now trade as Taylors the Bakers. The Ashton-under-Lyne firm in Lancashire, which makes oven-bottom muffins, went into administration at the end of last month and insolvency firm MCR was tasked with finding a buyer.
A spokeswoman for Taylors the Bakers said it had worked hard to secure the continuity of supply from suppliers and that it had the support of its major supermarket clients, who wanted to continue to buy the "quality of product and service synonymous with Sunfresh Bakers".
Sunfresh Bakers’ most recent accounts in November 2008, filed at Companies House, showed a pre-tax loss of £365,337 and net liabilities of more than £200,000.