Wenzel’s the Bakers, a well-known UK bakery chain with over 100 stores, is currently facing financial uncertainty. A winding-up petition has been filed by HM Revenue and Customs (HMRC) on March 19, 2025. The legal action, initiated due to unpaid tax liabilities, could place the company at risk of compulsory liquidation if a resolution is not reached in time. The situation is concerning for a bakery at its scale with more than 100 outlets across UK. Wenzel’s management has reassured customers and employees that they are actively engaging with HMRC to settle the outstanding debt. They are confident in reaching a positive outcome.

A winding-up petition is a serious legal measure used by creditors, typically HMRC or suppliers, when a company has failed to pay its debts. If the petition is upheld by the court, the company may be forced into compulsory liquidation, meaning its assets would be sold off to repay outstanding debts. This can have significant consequences, including store closures, job losses, and potential disruptions for suppliers and customers. However, not all winding-up petitions result in liquidation; companies often have opportunities to negotiate settlements, restructure debts, or explore insolvency rescue options such as Company Voluntary Arrangements (CVAs) or administration.

Wenzel’s, founded in 1975, has grown into a popular bakery brand, competing with rivals like Greggs. The company has built a strong customer base with its range of freshly baked goods, including sandwiches, pastries, and cakes. It has an established presence on the high street across the country. The potential collapse would be a significant blow to both employees and customers. However, the company’s proactive stance in engaging with HMRC suggests they are working towards a solution that would allow them to continue trading.

For now, Wenzel’s remains operational, and stores continue to serve customers as usual. Employees and suppliers will be closely monitoring the situation, hoping for a resolution that ensures business continuity. Customers are encouraged to follow official company updates for the latest developments.