Lathams of Broughton boss says ‘double whammy’ of HMRC backing out of deal and rising butter and wheat prices crippled business
“It’s a large amount and then a few months back they came in and said ‘that deal isn’t valid anymore, we need that amount’. “How can they come along and just change the playing field? If you’ve got a mortgage fixed for five years and you make those payments you keep the roof over your head. He said: “Everyone’s worked really hard, and been as accommodating as they can – but it’s not just the Revenue, the costs for us have been skyrocketing because of the economy and inflation.
“Hopefully we’ll be able to move a number of the staff over to the new bakehouse when they get operating. According to its most recently submitted accounts, which run to May 31, 2023, the firm had debts of £546,000 due within the next year. This was significantly reduced from the £1m figure seen in the previous year’s accounts.