They appear in the accounts as preferential creditors but whether they will get their wages and salaries remains unknown. “Our present view, based on information received to date, is that it is likely that a partial distribution may be available for preferential creditors. “However recovery actions through insolvent transactions or other remedies may bring in…
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Bakery house Baltic Bakers has entered liquidation after a series of financial and operational setbacks. Managing directors and insolvency practitioners Jeremy Woodside and Tracey Pye from advisory firm Quantuma were appointed as liquidators for the Liverpool-based bakery on 26 June 2025. The company’s financial and operational difficulties stemmed initially from events in 2023,…