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Troubled baker seeks buyer
NEARLY 300 workers are facing an
uncertain future after a baker went into
administration.
Changes in people's tastes was partly
blamed for the problems to hit Tindale
and Stanton which employs 297 people
across four sites.
The company is continuing to trade as
normal while administrators try to find
a buyer. It is the latest blow to the company,
which makes pasties, pies, savoury
products and bread.
In February 2005, fire tore through
its bread bakery at the Hobson
Industrial Estate in Burnopfield, causing
£1m of damage.
The majority of the firm's workers
are based at its savoury product manufacturing
site in Burnopfield and bread
manufacturing site in Gateshead,
bought after the fire.
There are also a number of workers at
distribution sites in Newton Aycliffe
and Ossett, West Yorkshire.
Ian Stokoe of Pricewaterhouse
Coopers LLP, which have been appointed
administrators, said: "They are
working as normal at the moment. We
are looking to keep trading while we
seek a buyer. The situation will be
reviewed over the course of the next
week or two. We are going to have to
look for support from suppliers and customers
while we continue to trade.
"The main aim is to find a buyer.
"Trading has been difficult in recent
months and the administration of such
a well established business is clearly disappointing
news for all stakeholders
and the employees in particular."
Mr Stokoe believed that part of the
reason for the problems the firm faced
was changing public tastes over a number
of years and said it was not an
overnight' problem.
He said: "There are a number of reasons.
Healthy eating and a change in
people's tastes is one. They supply people
such as fish and chip shops and
there has been a general move over the
years to other take away facilities."
Following the fire in 2005, T&S
bought the Bakehouse Craft bakery, in
Gateshead, as a replacement for its
bread plant.
5:58pm Friday 9th May 2008
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