Receivership & administration

Documents filed by the administrators of Complete Business Solutions (CBS), which was acquired in a pre-pack deal last month, have revealed the huge sums owed to creditors.

Gecko Direct has gone into administration, with its business and assets subsequently acquired by Charlesworth Press.

Crown Van Gelder has been rescued and will restart production imminently, on the back of a substantial eight-figure fresh investment.

The managing director of Pepper Communications has outlined the reasons for the liquidation of the business, following the creditors meeting this morning (10 February).

Pepper Communications is poised to appoint liquidators later this week.

A number of interested parties have visited Crown Van Gelder sparking hopes that the mill could be rescued and restart production in the near future.

Tesco has purchased the Paperchase brand and related intellectual property, but not its stores.

Dutch papermaker Crown Van Gelder has gone bankrupt after running out of cash.

Screaming Colour’s box making division has been sold to Pureprint, but no buyer has emerged for its main Bermondsey site.

Administrators are now officially in place at Screaming Colour.