Megans Bakery in Hirwaun, South Wales is seeking to appoint an administrator, director Steve Fogo has told British Baker.
The company filed for administration on Tuesday 9 December, but Fogo said “it is too early too tell” if potential administrator, Resolve Partner, would be hopeful for a buyer for the firm. Fogo confirmed that all 56 employees have been informed and the issue of any wages due to them will be in the hands of the administrator, if appointed. Megans was a supplier to the Ferrari’s chain of 25 remaining retail shops, which were closed on Wednesday, 26 November. Both businesses were formerly part of Best Bakeries and saved in management buy-outs in June this year.
South Wales-based Ferrari’s closed its 25 remaining shops following advice from the company’s financial advisers.
For the full story, make sure you read the next issue of British Baker, out on 12 December.