THE FUTURE of a local baker is uncertain after it was placed into administration this week.
Scarborough-based Woodhead Bakery was founded 74 years ago and supplies 30 shops in the north east as well as Wm Morrison supermarkets, but now its future is in doubt unless a buyer can be found.
The family business, which has a branch on Sandgate in Whitby, was forced to make 30 employees redundant on Tuesday (29 March), but it is hoped that by keeping its stores open the business can be saved.
Gareth Rusling and Christopher White of The P&A Partnership, Sheffield, have been appointed joint administraters of the bakery.
Mr White said: “We believe that by continuing to trade we have the best chance of finding a buyer and we have retained as many employees as we possibly can.
“Unfortunately, Woodhead Bakery has been hit by inflation and the impact of rising global wheat prices, in addition to harsh economic conditions on the high street.”
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.