P&A saves bakery jobs

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Insolvency experts from Sheffield have saved 85 jobs at a Newcastle bakery.

Joint administrators John Russell and Andy Wood from The P&A Partnership kept the firm, Tindale & Stanton, trading until a consortium of four former managers bought the firm.

Andy Wood said: “We are pleased to have been able to sell the business as a going concern, particularly as the buyers are former employees.”

Mr Wood praised employees and the firm’s secured creditors for their support. In a separate deal, P&A has sold two bakery shops in Harrogate, formerly owned by Bakery Products to a new company, Howards Bakery, saving 16 jobs.