The bakery ingredients supplier ceased trading shortly before appointing joint administrators from KPMG.
Due to the ‘withdrawal of its credit insurance’ and falling revenue, the Kent-based company has suffered in the last few months and felt there was no other option but to go into administration.
74 out of 165 employees have been made redundant as the administrators look for potential buyers for the business and its assets
If you are an employee of the business, please listen to the video below as it will tell you your rights as an employee of an insolvent business. There is a link at the end of the video to the Government website which expands further on what you need to know. If you have any queries, contact KPMG who are handling the administration.