A family-owned dessert business operating for more than 20 years is facing an uncertain future after its parent company collapsed into voluntary administration.
Cakes Galore appointed external managers earlier this month, with Anne Meagher and Terry van der Velde acting as joint administrators.
A creditors meeting was held earlier this week in Toowoomba.
Cakes Galore operates the family business Quality Desserts, a Queensland company that supplies puddings, cakes, lamingtons and mince pies to supermarkets across Australia.
Quality Desserts was founded in 1992 and initially supplied puddings to Eagle Boys, according to its website.
The business then picked up contracts with a number of ha…
Read the full article at: http://www.smartcompany.com.au/finance/66225-dessert-business-supplying-cakes-to-major-supermarkets-collapses-into-voluntary-administration/