Cash-crisis bakery firm closes Renfrew shop

Family-owned bakery Aulds has shut its Renfrew store in a bid to reduce losses.

Liquidators were appointed last week after financial pressures forced the business’retail arm into a loss-making position.

Paisley stores in the Piazza Shopping Centre, Neilston Road and Glasgow Road are safe for now but will be assessed with a view to selling and safeguarding as many jobs as possible. The liquidation will not impact on the group’s two other subsidiary companies, Aulds Bakeries Ltd and Aulds Delicious Desserts, which has a manufacturing facility at Inchinnan.

Paul Dounis, who had been appointed as a joint liquidator, said:“It is with profound regret that 26 employees of this historic business have been made redundant with immediate effect; and we are working with local and national organisations to support those employees to process claims as quickly as possible.

“The ongoing pressure facing the high street has been well documented with high profile names entering distressed situations; and unfortunately, this difficult trading environment has led to another blow for the high street.

“The retail business is well known in the sector and we would ask any parties with an interest in acquiring the business to get in touch with us as soon as possible.”

In the meantime, the remaining 22 Aulds stores across Scotland will continue to trade.