Receivership & administration

Commercial printer Bluepoint Cambridge (BPC) has filed a notice of intent to appoint administrators while bailiffs have repossesed its Foxton site.

Kodak has asked a US Bankruptcy Court for permission to pay bonuses to 15 of its top management, including nine executive officers, as it moves to the next phase of its restructuring.

Commercial printer Wright's (Sandbach) Ltd has been sold back to its original management as a going concern following the appointment of administrators.

The UK arm of continuous feed digital press manufacturer Nipson SAS is up for sale after being placed into administration in May.

The administrators' final report revealed the sheetfed and web arms of Manroland's UK operations were sold for 645,131 and 40,412 respectively, while the consumables unit was closed.

UK print has claimed signs of a recovery, with many businesses reporting a strong first quarter and increased confidence, despite the revelation that the economy as a whole shrank in Q1.

The manufacturing sector has been hailed as leading the UK's race to recovery from recession as the number of companies reporting financial strain fell year-on-year, according to insolvency specialist...

Would a US Chapter 11-style insolvency process be good news for UK print? On the balance of probability... not a chance.

Pre-packs, and their more infamous relation, the phoenix, have been a feature of the print industry since the Enterprise Act 2002 made administration the dominant form of insolvency. As with many...