Sunday, May 19, 2024

Jobs secured as bakery rescued from administration in prepack deal

Jacksons the Bakers Ltd, a family-run bakery based in Derbyshire, UK, has successfully emerged from administration through a prepack deal, ensuring the preservation of over 50 jobs within the company.

The business had faced challenging trading conditions which led to administrators being appointed in September.

Established in 1944 by Cyril Jackson, who sold war-rationed bread, the award-winning bakery has been part of the local community for over seven decades.

Ryan Holdsworth and Danielle Shore from Leonard Curtis were appointed as the joint administrators, overseeing the transition and the subsequent prepack deal.

In a joint statement, Ryan Holdsworth and Danielle Shore stated: “We are pleased to have completed this transaction which will enable the continuing operation of the company’s bakery business and, importantly, safeguards over 50 jobs.”

The administrators were supported by Tom Paton, Curtis Blackham and Rachel Piper of Irwin Mitchell’s Restructuring and Insolvency Team.

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