A BAKERY in the city is still open despite the nationwide chain going into administration.

Bakery firm Patisserie Valerie went into administration, with 70 branches across the country being immediately closed, on Tuesday with the loss of 920 jobs.

However, the Worcester branch on Broad Street remains open for business.

Accounting firm KPMG has been brought in to administer Patisserie Holdings plc.

A KPMG spokesman said: “Our intention is to continue trading across the profitable stores, as collectively, the brands have a strong presence on the high street and have proven very popular with consumers.

“At the same time, we will be seeking a buyer for the business and are hopeful of a good level of interest.

“Unfortunately, however, we have had to take the difficult decision to close 70 stores resulting in a significant number of redundancies."

David Costley-Wood, partner at KPMG and joint administrator, said:

“Since our appointment less than 24 hours ago, we have been pleased with the level of interest we have received in the business, and so remain hopeful of achieving a positive outcome.

“In the meantime, we can reassure customers that across the remaining 122 stores, it is all but business as usual.”

The company went into administration after it came to light that finance director, Chris Marsh, has been arrested after being suspended by the company over ‘financial irregularities.’

The business had consequently been unable to renew its bank facilities, meaning it could not meet its liabilities.

In October last year, accountants from Patisserie Valerie uncovered what they called ‘very significant manipulation of the balance sheet and profit and loss accounts.’ In addition to thousands of false entries to the company’s ledgers.