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Business / Interest already lodged in Westside bakery after administration

THERE has already been some interest in the Waas Bakery after the company ceased trading and went into administration last week.

A spokesperson for joint administrators Geoff Jacobs and Blair Nimmo of Interpath Advisory told Shetland News that they have received various notes of interest.

This ranges from interest in both the bakery business and the property, through to specific assets only.

The two companies which own the business and the property it is located in went into administration with the loss of nine jobs.

The bakery is said to have experienced challenging trading conditions during the Covid lockdowns which, together with ongoing cost pressures and lack of investment capital, resulted in cashflow pressures.

Any parties who had an interest in the bakery operation or the property were encouraged to get in touch “as there remains an opportunity to acquire this well-established local business”.

The decision to go into administration was made partly as a result of the owners being unable to sell the business.

The move into administration was described at the time as a “big blow” for Shetland’s Westside. It also came whilst the business was recruiting for a supervisor for a proposed new shop in Lerwick.

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