BusinessBusiness RecoveryKPMG administrators sell Fords Bakery

KPMG administrators sell Fords Bakery

KPMG administrators Blair Nimmo and Tony Frair sell Fords Bakery to subsidary of bakers McGhee

KPMG administrators sell Fords Bakery, securing more than 80 jobs.

Blair Nimmo and Tony Frair of KPMG, who were appointed joint administrators
of Fords Bakery on 21 June, sold the business and certain assets to Scullions
Wholesale Bakery, a subsidiary of McGhee.

The sale will save approximately 87 staff who join McGhee’s current 220
workforce.

Nimmo, head of restructuring for KPMG in Scotland, said: “Not only has this
[sale] saved 87 jobs in Scotland, but the sale also ensures that existing
customers will continue to be serviced and that suppliers will have ongoing
business.

Fords Bakery has an estimated annual turnover of £5m and supplies
supermarkets, food service companies as well as other bakeries in East and
Central Scotland.

Further reading:

Deloitte
administrators sell Mathiesons Bakeries, saving 340 jobs

KPMG
administrators close Pilkington’s Swinton factory

KPMG
chief calls for audit reform

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

10m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

1y Emma Smith, Managing Editor
Administrators from KPMG appointed to City Motor Holdings

Business Recovery Administrators from KPMG appointed to City Motor Holdings

2y Richard Crump, Writer
FRP Advisory hires new partner from KPMG

Accounting Firms FRP Advisory hires new partner from KPMG

2y Richard Crump, Writer
Former Torex CEO sues KPMG and RBS

Accounting Firms Former Torex CEO sues KPMG and RBS

2y Richard Crump, Writer
BHS enters administration as Duff & Phelps fail to find suitable buyer

Accounting Firms BHS enters administration as Duff & Phelps fail to find suitable buyer

2y Fraser Simpson, Reporter