RSM Tenon | Case Studies | Rising to the challenge

The business

A high street UK bakery, owning and operating 160 outlets across Great Britain.

The Business Challenge

A downturn in high street trading conditions resulting in financial difficulties for the firm.

RSM Tenon's Approach

On appointment, RSM Tenon made the difficult decision to close 37 loss-making bakeries. They continued trading the rest of the bakeries in the hope of achieving a sale on a ‘going concern’ basis. 

The Result

A sale of the remaining bakeries was achieved to another leading UK based bakery safe guarding jobs in key locations.