East Coast Bakehouse was an ambitious start-up a decade ago when it set out to do something unusual: build its own biscuit factory in Drogheda. Established by veteran entrepreneurs Michael Carey and Alison Cowzer (Cowzer is also a contributor to The Currency), the business bought a disused steel factory and fitted it out to make biscuits. Luck went against it: the pandemic, the war in Ukraine, and ballooning ingredient costs saw the company slide into debt. In January, it sought the protection of the High Court.  At first, it seemed as though an additional investment from its secured lender, the…

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