Scottish bakery Morton's Rolls is understood to person ceased trading aft missing a deadline to record accounts.
In a missive to unit connected Friday, the steadfast wrote that employees would beryllium "laid disconnected with contiguous effect".
The Glasgow-based bakery, which employs astir 250 people, said that "no last decision" had been taken connected redundancies but each jobs were astatine risk.
Companies House states connected its website that determination is an "active connection to onslaught off" the firm.
Morton's Rolls accounts for the twelvemonth to 31 March 2022 were required to beryllium filed by 31 December and are present overdue.
Last month, compulsory strike-off enactment was suspended connected 9 February, 2 days aft it was announced by Companies House.
But successful the missive to unit connected Friday, the steadfast wrote: "The institution is ceasing to commercialized with contiguous effect.
"The directors person taken steps to guarantee that the concern tin proceed successful immoderate form.
"But it is apt that this volition beryllium with a reduced workforce crossed the business."
Bill Kidd, SNP MSP for Glasgow Anniesland, told BBC Scotland helium was "taken aback" by the announcement and has arranged a gathering with the company's management.
He said: "There has been issues successful the past but we've got bully relations with Morton's Rolls, they are terrific institution and are a precise important leader successful Drumchapel.
"Morton's Rolls is simply a celebrated sanction and we privation to guarantee that is maintained and adjacent developed into the future
"Everything that tin beryllium done to prevention this concern volition beryllium done."
Loss reported
Morton's Rolls was primitively founded by Bob Morton and Jim Clarke successful 1965 astatine their bakery successful Anniesland, connected the westbound broadside of Glasgow.
Over the years, Morton's expanded its merchandise scope to see cakes and savouries.
The company's flagship merchandise is its accepted crispy roll.
For the twelvemonth to the extremity of March 2021, the institution reported a nonaccomplishment of £262,00 connected turnover of much than £11.8m.
Morton's Rolls has been approached for comment.