Receivership & administration

Wyndeham Group owner Walstead Investments has confirmed that it has acquired the equipment from failed direct mail printer Global MP.

The trading status of trade finisher Purfect Binding Company (PBC) is unclear, with staff understood to have been sent home.

It has emerged that the kit from collapsed Global MP has been sold to an undisclosed buyer, while separately the status of subsidiary Global MP Mailing remains unclear.

Staff at Global MP have been told not to attend work and will not be paid by the company, according to a source close to the business.

Joint administrators have been appointed at Bradford’s Global MP.

Portobello Press has fallen into administration after a potential buyer pulled out at the last minute, resulting in the loss of 23 jobs.

A white-knight bidder is poised to step in with a rescue deal for the stricken Global MP business.

Global Media Production appears likely to go into administration ahead of a possible change of ownership.

Commercial printer Graphics and Print has fallen into administration following the loss of a major £1m contract, resulting in the loss of 39 jobs.

Unsecured creditors of Service Point UK are owed almost £40m and the company’s total deficiency is approaching £100m, according to official documents.