Roberts Bakery On Verge Of Administration

Credit: phil benford / Shutterstock.com

Roberts Bakery is preparing to participate administration, a move that media reports propose could lead to respective 100 occupation losses.

The UK bakery concatenation confirmed to Just Food coming (8 October) that nan business is “actively engaged pinch imaginable partners and funders”, and imaginable buyers, concerning its future.

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On Monday, Roberts Bakery revenge a alleged Notice of Intention (NOI) to name administrators.

In a connection posted connected LinkedIn, Roberts Bakery said nan NOI will “provide clip for its guidance squad and knowledgeable 3rd parties to unafraid nan champion imaginable result for nan bakery firm”.

The institution added successful nan posting that its main priorities are to “safeguard jobs, sphere its brands and spot nan business connected a stronger, much unchangeable footing”. 

Roberts Bakery has faced “exceptionally difficult” challenges, it said, including a “devastating” mill occurrence 2 years ago, which caused two-thirds of accumulation to beryllium mislaid for complete a year.

As a consequence of nan nonaccomplishment successful accumulation capacity, it past saw a autumn successful marketplace share.

The bakery announced cuts of up to 250 jobs astatine its mill successful north-west England successful July, pursuing “unprecedented challenges” successful nan breadstuff market.

In September, it besides group retired plans to adjacent a factory successful cardinal England.

Moreover, Roberts Bakery said successful nan LinkedIn station that these pressures person been compounded by “unprecedented inflation” since nan penetration of Ukraine, rising power and constituent costs, arsenic good arsenic “intense competitor activity”.

The concatenation added that contempt nan “huge efforts” of everyone involved, these factors person made betterment “extremely challenging”.

A spokesperson for Roberts Bakery said: “Discussions are good precocious pinch 3rd parties, and we are optimistic astir a affirmative solution successful nan coming days that will sphere nan full institution arsenic a going concern.

“We are keeping each stakeholders informed including our employees. Day-to-day operations are unaffected, and nan institution is continuing to waste and acquisition and fulfil orders arsenic normal.”