Crantock Bakery

Type
Bankruptcy
Country
United Kingdom
Region
South West (England); Cornwall and Isles of Scilly; Cornwall and Isles of Scilly
Location of affected unit(s)
Indian Queens
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
109 jobs
Number of planned job losses
Job loss
Announcement Date
11 July 2018
Employment effect (start)
9 July 2018
Foreseen end date
9 July 2018

Description

Crantock Bakery, based in the small Cornish village of Indian Queens, has entered administration and has announced 109 job losses. The job losses have been made with immediate effect. It is understood that several attempts had been made over recent years to sell the business, but no suitable buyer could be identified. Ten members of staff are being kept on to assist with the wind down of the business and the sale of stock. The business had operated for nearly 30 years and produced a range of baked goods including pasties and sausage rolls.

Citation

Eurofound (2018), Crantock Bakery, Bankruptcy in United Kingdom, factsheet number 94677, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94677.