A WELL-KNOWN Paisley bakery firm has gone into administration for the second time.
Ferrier’s was set up in 1987 by Stephen Ferrier after his employer McMillan’s the bakers went bust.
The firm’s base in New Sneddon Street, Paisley, has been continuing to trade while accountants go over the books.
The company, which also has a site in Manchester, employs around 60 people and Mr Ferrier insists that, despite going into administration, staff are not being axed.
He told the Paisley Daily Express: “The company is not shutting and there will be no redundancies.
“If anything, we’ll be employing extra staff in the near future.”
It’s not the first time the company has called in the money men.
It went into receivership in 2000 and several workers lost their jobs before Mr Ferrier joined forces with local businessman Ken McGeoch to put together a £350,000 rescue package.
Mr Ferrier moved the firm from its previous base in Linwood into premises in New Sneddon Street, investing a significant sum to turn the derelict building into a state-of-the-art bakery.
The bakery hit the headlines in 2005 when it was the scene of a massive drugs raid by police.
Two men subsequently admitted being concerned in the supply of cocaine.