Bakery at risk of closure after almost 120 years

Oddie's was established in 1905

A family-run chain of bakeries is urgently seeking a rescue deal or all 13 of its shops could close with the loss of more than 100 jobs.

Oddie's, which is based in Nelson, Lancashire, but has branches across the east of the county including Burnley and Colne, was established in 1905 and is still run by the same family.

The firm said energy costs and declining footfall on the high street had led to the sale of the business.

However, new buyers pulled out of the sale at the last minute.

'Tough landscape'

Oddie's is a fourth-generation family business which was started by William Henry Oddie.

Director Lara Oddie said: "With an energy crisis quadrupling costs and footfall declining on the high streets, the Oddie family decided it was time to sell.

"Sadly, an eleventh-hour withdrawal by the buyer has left us with no choice but to consider closure.

"As a family firm, we have always seen ourselves as part of the local community fabric, making this a heartbreaking situation for us, our devoted staff, and the loyal customers in Burnley and Pendle who have cherished our unique products."

Accounting and advisory firm, Azets, has been advising Oddie's.

Tim Mills, of Azets, said: "Unfortunately, against the tough business landscape, with the energy crisis and high-street footfall reduction playing large roles, we’re seeing companies head further into financial difficulties as a result of the cost of business crisis.

"We are exploring sale options of Oddie’s with interested parties with a view to securing a future for the group and saving as much of the business and as many jobs as possible."