Irwin Mitchell Supports Deal Which Safeguards Jobs And Historic Business
Jacksons the Bakers Ltd, a family-run bakery based in Derbyshire, has successfully emerged from Administration through a prepack deal, ensuring the preservation of over 50 jobs within the company. The business had faced challenging trading conditions which led to Administrators being appointed in September.
Established in 1944 by Cyril Jackson, who sold war-rationed bread, the award-winning bakery has been part of the local community for over seven decades.
Ryan Holdsworth and Danielle Shore from Leonard Curtis were appointed as the Joint Administrators, overseeing the transition and the subsequent prepack deal.
The Administrators were supported by Tom Paton, Curtis Blackham and Rachel Piper of Irwin Mitchell’s Restructuring and Insolvency Team.
Expert Opinion"I am delighted we’ve been able to reach this conclusion and complete this deal in support of the Joint Administrations which has saved a regional bakery, its brand and over 50 jobs." Tom Paton, partner at Irwin Mitchell
Irwin Mitchell’s restructuring and insolvency team have supported administrators on a number of other job-saving deals recently, across a range of industries. Recent examples include securing 325 jobs at True North Brew co. and 220 jobs at manufacturing business, Accrofab and Bromford Industries.