Receivership & administration

Gemini Print Group has acquired Foundry Press out of administration in a pre-pack deal.

Insolvent German paper mill Scheufelen is being wound up, according to German media reports.

Colour Five is understood to be entering a creditors' voluntary liquidation, while the current trading status of the specialist print business is unclear.

Union Unite has welcomed news that Arjowiggins’ Stoneywood paper mill near Aberdeen is in discussions with an MBO team to deliver a successful transaction of the site over the coming weeks.

Numerous assets belonging to recently closed Howard Hunt (City) are going under the hammer at auction, with others being sold by private treaty.

An MBO team has now emerged as the potential future owner of Arjowiggins Fine Papers' Stoneywood and Chartham mills after lengthy negotiations with a preferred bidder failed to come to fruition.

Calderprint has been formally placed into administration after it closed its doors last month.

Fontain has shut down and gone into liquidation with more than £3.6m in unsecured debt.

So, what are the lessons to be learned from the collapse last week of Howard Hunt and the sad loss of 250 jobs?

BDO has been confirmed as the administrator of Howard Hunt (City), with the firm’s 250 staff laid off upon appointment.