THE END OF P&A: Almost £500,000 fees for Scarborough bakery administration

Stewart and Laraine Woodhead, of Woodhead Bakery in Scarborough, which went into administration
Stewart and Laraine Woodhead, of Woodhead Bakery in Scarborough, which went into administration

The P&A Partnership charged more than £470,000 for handling the collapse of a bakery business in Scarborough, reports reveal.

Some £1.358 million was realised from the sale of Woodhead Bakery after it went into administration.

P&A collected £474,940 for handling the administration and liquidation of the company.

A guide to fees states partners, associate partners and directors charge up to £600-an-hour, calculated in units of six minutes.

Unsecured creditors owed £1.5 million shared £4,000, a P&A report shows.

Woodhead Bakery employed 330 people at a plant in Scarborough and 31 shops across the region. It also supplied Morrisons supermarket.

It turned over £10.5 million-a-year, but was losing money when the board contacted The P&A Partnership.

Stewart, his director wife Laraine, his brother Colin and managing director Philip Davies signed forms appointing P&A and placing the company in administration.

Woodhead was broken up and sold off. Fellow Scarborough bakers Cooplands bought the business and 18 shops, while Midlands-based Bakery Products took on the Beaconsfield Street bakery and the remaining stores. Bakery Products went into administration 15 months later.