Firkins

Type
Bankruptcy
Country
United Kingdom
Region
West Midlands (England); West Midlands;
Location of affected unit(s)
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.7 - Manufacture of bakery and farinaceous products
10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
104 jobs
Number of planned job losses
Job loss
Announcement Date
31 March 2015
Employment effect (start)
31 March 2015
Foreseen end date
31 March 2015

Description

West Midlands based bakery Firkins has closed resulting in the loss of 104 full time and part time jobs.

Recent times have been challenging and the company had been in and out of administration three times in the last ten years. A statement from BRI Business recovery and Insolvency confirmed that although efforts had been made to increase sales, these had not been successful and the directors of the company had taken the decision to place the company into voluntary liquidation.

The company operated shops across the West Midlands including in Birmingham, West Bromwich and Solihull, and had been in business for over 140 years.

Sources

  • 31 March 2015: Birmingham Mail

Citation

Eurofound (2015), Firkins, Bankruptcy in United Kingdom, factsheet number 79219, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79219.