Baker in liq­ui­da­tion

South Waikato News - - NEWS / HE PU¯ RONGORONGO - By PETRICE TAR­RANT

Cal­laghans Bak­ery has gone into liq­ui­da­tion after more than three decades in business leav­ing 20 South Waikato peo­ple out of work.

As of Fri­day, Novem­ber 7, the doors to the business of­fi­cially closed, after the Toko­roa man­u­fac­turer vol­un­tar­ily went into liq­ui­da­tion.

BDO Tau­ranga joint liq­uida­tor Paul Clark said own­ers Mike and Viv Cal­laghan sought pro­fes­sional ad­vice in the weeks lead­ing up to the liq­ui­da­tion.

The bak­ery’s main func­tion was man­u­fac­tur­ing pies, slices, piz­zas and other prod­ucts for re­tail bak­eries and cater­ers.

But business had dropped off after nu­mer­ous clients de­cided to bake their own pro­duce, Clark said.

It was sup­ply­ing to 150-160 bak­eries at its peak in business but had dropped off to 140 lead­ing up to liq­ui­da­tion.

It will be the end of an era for Toko­roa which has been home to the business since 1983. When its doors first opened it pro­vided work for eight em­ploy­ees which rose to 20 be­fore clo­sure.

The liq­uida­tors will now sell the as­sets of the company and col­lect all amounts owing to the company by cus­tomers.

Mike and Viv Cal­laghan are two of the largest cred­i­tors of the company.

Clark said BDO Tau­ranga had ex­pe­ri­enced a small up­surge in ap­point­ments in re­cent months but said the num­ber of ap­point­ments was well down on pre­vi­ous years.

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