Receivership & administration
R3 to hold parliament roundtable in bid to cut pre-packs
Insolvency trade body R3 is to hold a roundtable event at parliament tomorrow in a bid to mandate that suppliers continue to do business with firms trading in administration.
Alito blames backlash from TPF suppliers for administration
Sheetfed printer Alito Color Group has cited its tie-up with Northampton-based web outfit Flair Press (UK), which traded as Lexicon Press as the reason for its administration.
Character Mailing in administration, 44 redundancies made
Merseyside mailing house Character DPM Group (Character DPM) and its Stockport subsidiary Character Mailing Services (Mailing Services) have gone into administration, with 44 redundancies made.
NGS Print Finishers files notice of intent
Mystery surrounds Perivale-based NGS Print Finishers after it filed a notice of intent to appoint administrators last week.
Alito Color Group goes into administration, Flair Press to follow
Administrators have been appointed to Alito Color Group, as reported by <i>PrintWeek</i> on Friday.
Crosland VK assets sold to former directors as company liquidated
Finishing equipment distributor Crosland VK has gone into liquidation after its assets and business were sold back to previous directors.
Clive Parkes' printer Vertis closes its doors
Vertis Group, the print business of former Goodman Baylis owner Clive Parkes, has closed its doors.
BPIF rejects R3 claims that administration acquisition potential is still strong
The BPIF has warned print bosses of the pitfalls of acquiring an insovent business after R3 claimed that there was a "window of opportunity" this year to buy "potentially profitable" firms out of...
Prometheus Press MD apologises after going into administration
Julian Marsh, managing director of Minotaur Group, which trades as Prometheus Press, has said the company "gave 110% but sadly that wasn't good enough" after going into administration with the loss of...
Castle Colour Printers employees 'devastated' as pensions 'not paid for a year'
Former employees at failed printer Castle Colour Print have voiced their concerns after discovering that pension payments had not been made for a year, according to a local newspaper.