Owners of a beloved North East bakery say they have been “humbled” by an outpouring of community support after making the difficult decision to enter voluntary administration to tackle $1 million in pandemic-era debt.
Nedziak & Nedziak Pty Ltd, traders of Bright, Yackandandah, and Wodonga bakery Gum Tree Pies, were put into voluntary administration last Wednesday, 8 April.
Co-owner Melinda Nedziak said the company had about $1m in unpaid debt, which has been accumulating since the Covid pandemic, and received advice to enter administration to give themselves the best chance of survival.
“In our business we’ve got three or four really busy periods a year and I don’t think we’ve had a single Christmas period over the last few…