Wenzel’s the Bakers, which is headquartered in Tolpits Lane, has played down any concerns despite confirming that it is the subject of a winding-up notice.
A winding-up petition can be issued to take a company to court if it cannot pay its debts and, if successful, company assets can be sold to pay creditors – also known as compulsory liquidation.
This process could potentially lead to closures for its more than 100 branches if it goes to court.
A Wenzel’s spokesperson said: “The winding-up notice is in relation to ongoing discussions with HMRC regarding an outstanding balance, however, we are actively engaged with HMRC and expect this matter to be resolved shortly.
“We do not expect any redundancies, we…
