Coughlans News & Analysis

Coughlans Bakery Ceases Trading After 89 Years Due to Liquidation

Coughlans Bakery announced it has ceased trading following voluntary liquidation, impacted by increased national insurance contributions and high business rates. The managing director noted that these factors combined with rising fuel prices due to Middle East conflict cost the company an additional £20,000 a week. Ranganathan, a co-owner since 2024, expressed disappointment over the closure, while the managing director stated the rates have significantly harmed local businesses. This development may influence market sentiment regarding other small businesses facing similar pressures.