date:Jun 14, 2012
Audit, tax and advisory firm KPMG has been appointed as the administrators.
The family business is headquartered in Durham, North East England and has a network of 58 stores, contracts with supermarkets and direct mobile sales.
In the most recent financial statements the firms turnover was pegged as more than 12m (14.9m).
Mark Firmin, KPMGs Northern head of restructuring and joint administrator to Peters Bakery, said that the failure of the business can be owed tothe challenging retail enviro