Receivership & administration

Pindar has put its UK printing business up for sale as a result of the ongoing turmoil in the largely loss-making web offset sector.

Employees at Maurice Payne Colourprint are celebrating this week as an administrator was finally confirmed, almost 12 weeks after they were last paid.

Maurice Payne Colourprint (MPC) is expected to go into administration today (28 June), according to Rimes & Co, the insolvency practioner handling the case.

Lick Group is headed for liquidation after it emerged that a meeting of creditors has been confirmed for 13 July.

Printers could miss a one-off opportunity to put a stop to so-called "phoenix" companies if they don't take part in the recently launched consultation on proposed reform of insolvency rules.

Gateshead printer Smith Print Design continues to trade in administration more than two weeks after insolvency specialists were appointed.

Blue Printing Company is targeting a turnover of 50m after buying WF Aldridge & Co, which traded as Aldridge Print Group, out of administration.

GW Chapman & Sons Print has been liquidated at a meeting of creditors, several weeks after the West Drayton company ceased trading.

The future of Lick Group is uncertain after staff were reportedly sent home yesterday (20 June), while former managing director Linden Kitson appears to have left the company.

Management at Maurice Payne Colourprint (MPC) claims to have merged with an Oxford-based company, which they have attempted to keep out of the public eye.