Comedian Romesh Ranganathan 'Gutted' as Bakery Chain He Co-Owns Shuts Down
Quick Look
- Comedian Romesh Ranganathan expressed deep disappointment after Coughlans Bakery, an 89-year-old chain he co-owns, ceased trading and entered voluntary liquidation.
- The managing director cited increased national insurance contributions and high business rates, exacerbated by fuel price spikes, as key factors in the closure.
AI-generated summary
Why It Matters
Coughlans Bakery, an 89-year-old chain with shops in Kent, Surrey, West Sussex, and south London, has ceased trading and gone into voluntary liquidation. Comedian Romesh Ranganathan became a co-owner in 2024.
Comedian Romesh Ranganathan said he is "gutted" after the 89-year-old bakery chain he part-owns shut down.
Coughlans Bakery – which operates a chain of shops across Kent, Surrey, West Sussex and south London – announced it had ceased trading on Tuesday after it went into voluntary liquidation.
Ranganathan, best known for his deadpan stage style, became its co-owner in 2024, describing it as "the partnership of the century".
Managing director Sean Coughlan blamed the closure on the government's decision to increase national insurance contributions for employers in April last year, along with high business rates.
Posting on social media, he described the rates as having "absolutely smashed local business".
He added that, combined with the spike in fuel prices following the conflict in the Middle East, they had cost the company an extra £20,000 a week.
Coughlan said Crawley-born stand-up Ranganathan, who is vegan and initially became a supporter of the business because of its range of plant-based products, had been "amazing".
"I feel like we've absolutely let him down. Everything he's done, it's been from the heart," he added.
Ranganathan reposted Coughlan's video to his 1.4m followers online, with the caption: "Gutted isn't the word."
Open Questions
- What is the future for the former employees?
- Will any part of the business be salvaged?
