Receivership & administration
Bluepoint Cambridge headed for administration
Commercial printer Bluepoint Cambridge (BPC) has filed a notice of intent to appoint administrators while bailiffs have repossesed its Foxton site.
Kodak to pay top management millions in bonuses
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.
Wright's owner plans to repay creditors following admin
Commercial printer Wright's (Sandbach) Ltd has been sold back to its original management as a going concern following the appointment of administrators.
Nipson CEO Palphreyman owed 62k by failed Nipson UK
The UK arm of continuous feed digital press manufacturer Nipson SAS is up for sale after being placed into administration in May.
Manroland GB sale proceeds disclosed in admins' report
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.
Houghton Mifflin Harcourt moves to reorganize after bankruptcy
US book publisher Houghton Mifflin Harcourt (HMH) has moved quickly to secure funding after filing for Chapter 11 bankruptcy early this week. This means that many of its unsecured creditors -...
UK printers hail 'falling distress levels'
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.
Print and packaging 'showing early signs of recovery'
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...
Tories' mooted Chapter 11-style scheme could be bad news
Would a US Chapter 11-style insolvency process be good news for UK print? On the balance of probability... not a chance.
Printers say ill-considered pre-packs still need regulation
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...