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
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
Fords Bakery has an estimated annual turnover of £5m and supplies
supermarkets, food service companies as well as other bakeries in East and
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies