Wenzel’s the Bakers is in jeopardy after HMRC launched a winding-up petition against the company, potentially forcing it into liquidation.
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.
The loss of the much-loved bakery would be felt in high streets across Hertfordshire, with Wenzel’s stores in Stevenage, Hitchin, St Albans, Radlett, Harpenden, Welwyn Garden City and Hemel Hempstead.
A Wenzel’s spokesperson was keen to reassure customers, saying: “The winding-up notice is in relation to ongoing discussions with HMRC regarding an outstanding balance, however, we are…
