Aulds Bakery places stores into liquidation

Bakery Aulds has put its shops into liquidation as part of a plan to help turn around the business.
By The Newsroom
Published 6th Aug 2018, 09:00 BST

Aulds currently has 26 shops including a branch in Barrhead, and liquidators are assessing the viability of selling all or some of the stores as a going concern in a bid to safeguard jobs.

The family-owned bakery’s retail business is said to be in an “unsustainable loss-making position” due to pressure from competitors and increasing ingredient, wage and distribution costs.

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A spokesman for Aulds said: “Like many high street businesses, we’ve found trading extremely tough in recent years, with pressure from high street and supermarket competition, as well as increasing ingredient, distribution and wage costs.

“All of this has meant the retail business has been making a loss which we can no longer sustain.

“We have spent several months trying to find alternative options but unfortunately this is the only way of protecting as many jobs as possible.”

The company will continue to supply bakery products to Scotmid stores and other independent outlets where they are currently sold.

Founded in 1900 by Thomas Auld, the company has remained in the family name for four generations.