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

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