Around 135 jobs could be lost as a Scottish bakery firm has entered receivership.
Kingdom Bakers, based in Kirkcaldy, Fife, has suffered "severe cash flow problems" leading to production stopping at its two sites.
RSM Tenon have been appointed receivers for the company that supplied bread, cake and pancake products to supermarket chains including Tesco, Sainsbury's and Morrisons.
Established in 1984 it had a turnover of £8m and two production facilities in Kirkcaldy and Dysart.
Recent attempts by the management to attract fresh investment to the business proved unsuccessful, and now RSM Tenon are seeking a buyer.
Joint receiver Tom MacLennan said: "Kingdom Bakers is a well-known business in the bakery trade, and the receivership presents an excellent opportunity for a competitor or entrepreneur to acquire the assets and goodwill, including extensive production facilities.
"I would urge any interested parties to contact RSM Tenon immediately".
In this section
- Critics slam ban on flying saltire above Hampden during Olympic Games
- Campaigners welcome move to lower Scotland's drink-drive limit
- New memorial erected to woman who was murdered by her husband
- Missing kayaker found dead after major search off west coast
- Kevin 'Gerbil' Carroll's home seized under Proceeds of Crime Act
- Two men and eight-year-old boy injured in 'large-scale' disturbance in park
- Woman, 36, rescued by neighbour after bedroom fire engulfs house
- Fire service issues warning as man who died in park waterfall is named
- Man arrested after police seize £85,000-worth of drugs from house
- Warm weather set to continue over weekend as Scotland basks in sunshine



Want to leave a comment? Please sign in.