Business / Walls bakery building to go on market
THE WAAS Bakery building is set to go on the market.
It comes after a small amount of “ancillary bakery equipment” was sold as part of the administration process.
The two companies which own the business and the property it is located in went into administration at the end of April with the loss of nine jobs.
Soon after interest was lodged in the bakery, from specific assets through to the business.
However a spokesperson for joint administrators Geoff Jacobs and Blair Nimmo of Interpath Advisory said the property is soon going on the market.
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.
The move into administration was described at the time as a “big blow” for Shetland’s Westside.
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