Managing directors and Insolvency Practitioners Jeremy Woodside and Tracey Pye from the Manchester office of business advisory firm Quantuma, were appointed as Liquidators for Liverpool-based Baltic Bakehouse Limited on 26 June 2025.
Established in 2012, Baltic Bakehouse employed a team of 24 staff across three sites. The Company’s financial difficulties are initially attributable to events arising in 2023, including a move to a new bakery which resulted in a significant increase in costs and overheads. The Company suffered an after-tax loss and struggled with increased overheads, in particular energy, rent and insurance costs.
In late 2024, a dispute with the local Council over its Bridgewater Café site forced the business to reduce its capacity. In March 2025, the Company failed a hygiene inspection, forcing the bakery to be closed, without any indication of when it could reopen. In the circumstances, the Directors considered that they had no other option but to cease to trade. Therefore, on 10 April 2025, the Company made all employees roles redundant and ceased to trade.
Baltic Bakehouse’ Directors took advice from Quantuma on 17 April 2025. Following a review of the Company’s financial position by Quantuma, it was evident that the Company was insolvent, as it was unable to pay its debts as they fell due. Accordingly, Quantuma was formally instructed to assist with the formalities of placing the Company into Creditors’ Voluntary Liquidation.
Quantuma managing director and Joint Liquidator Jeremy Woodside said:
“It is deeply regrettable that Baltic Bakehouse has been forced to cease trading, due to a series of challenging circumstances. As Joint Liquidators, our immediate priorities have been to provide appropriate support to those whose jobs have been affected, whilst seeking to obtain maximum value for the Company’s creditors.
Our priority is to ensure the affected staff are able to make appropriate claims on the redundancy payments office. On the date of appointment, our inhouse ERA specialists issued 21 RP1s to affected staff for completion. To date we have had 17 of these returned. It is our understanding the RPO lead from receipt of claim to payments being made is in the region of six weeks.”
