Administrators optimistic of purchaser for Scarborough bakery

13 April 2011 By Northern Lights

Administrators optimistic of purchaser for Scarborough bakery image

Administrators of Woodhead Bakery have confirmed today (13 April) that they are in detailed discussions with potential buyers for the Scarborough-based business.

Christopher White of The P&A Partnership, Sheffield, who is joint administrator with Gareth Rusling, said: “Negotiations are at an advanced stage with prospective buyers who we are unable to name at present. We are hopeful of securing a sale of the business within the next seven days.”

Woodhead Bakery, which has a factory in Scarborough supplying its 30 shops in the North East, went into administration at the end of March.

The P&A Partnership is a leading specialist business turnaround and insolvency firm with offices across the UK and in London. Their support for businesses includes restructuring, finance brokering, debt collection and selling assets.

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Written by Northern Lights

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