Iconic Northern Bakery Goes Into Administration
THE iconic John Pimblett & Sons bakery in St Helens has closed with the loss of 60 jobs after its parent company collapsed.
Pimblett’s, famous for its pies, went into administration after it was hit by a combination of falling consumer spending and rising food prices.
Its 10 high street stores were immediately sold to Leigh-based rival Waterfield’s Bakery, saving 80 jobs, but Pimblett’s bakery has been closed.
The company was founded in 1921 by John and Mary Pimblett and is one of the most famous companies in the town.
Paul Flint, director at KPMG Restructuring in Manchester and joint administrator at Pimblett’s, said: "The tough trading conditions, coupled with rising food prices, have unfortunately led to John Pimblett & Sons being placed into administration.
"While we are pleased to have saved approximately half of the jobs with the sale of the shops to Waterfield’s Bakery, it is with regret that we have had to close the Pimblett bakery with the loss of 60 staff."
Third generation Pimblett boss, John Pimblett said: "Unfortunately, a combination of crippling overheads in the form of rising food and energy prices, coupled with tightening credit conditions, has meant that we could no longer continue to operate.
"I would like to stress that over the last few months, every effort has been made to save the company, but the worsening economic climate meant that we were unable to find a buyer for the business as a whole."
Nogger can tell you categorically that Pimbletts made the best steak pies in the world. By a country mile.
Pimblett’s, famous for its pies, went into administration after it was hit by a combination of falling consumer spending and rising food prices.
Its 10 high street stores were immediately sold to Leigh-based rival Waterfield’s Bakery, saving 80 jobs, but Pimblett’s bakery has been closed.
The company was founded in 1921 by John and Mary Pimblett and is one of the most famous companies in the town.
Paul Flint, director at KPMG Restructuring in Manchester and joint administrator at Pimblett’s, said: "The tough trading conditions, coupled with rising food prices, have unfortunately led to John Pimblett & Sons being placed into administration.
"While we are pleased to have saved approximately half of the jobs with the sale of the shops to Waterfield’s Bakery, it is with regret that we have had to close the Pimblett bakery with the loss of 60 staff."
Third generation Pimblett boss, John Pimblett said: "Unfortunately, a combination of crippling overheads in the form of rising food and energy prices, coupled with tightening credit conditions, has meant that we could no longer continue to operate.
"I would like to stress that over the last few months, every effort has been made to save the company, but the worsening economic climate meant that we were unable to find a buyer for the business as a whole."
Nogger can tell you categorically that Pimbletts made the best steak pies in the world. By a country mile.
