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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 additional funds, although it is still too early to express a view on such matters,” the report said.
The company operated a transport management business headquartered at Wiri, mainly providing services to the construction industry.
It listed its activities under the Companies Office as road construction, repair or sealing.
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, when a move to a new bakery led to a sharp rise in costs and overheads, struggling particularly with higher energy, rent and insurance expenses.
In late 2024, a dispute with the local council over its Bridgewater Café site forced the business to cut capacity.
Matters worsened in March 2025, when the bakery, which was founded 13 years ago, failed…
