Stockport-based Premipak, which trades as Lithopak, has been placed into administrative receivership with FPD Savills by one of its investors.


Administrative receiver Richard Savill said: Lithopak is currently trading as normal. So far weve had 56 enquiries about the business, and seven site visits. Were very happy with the level of interest.


Eight of the companys 82 full-time employees have been made redundant.


In 1999, Premipak recorded a pre-tax loss of 494,354 on turnover of 3.9m. At the end of 1999 it moved its two 3B 1,020x720mm Komori presses from its old site to new premises also in the town. Last year it spent 1.5m upgrading the site.


Savill said he was confident of selling the business as a going concern: Its workforce is excellent and the machinery is really state-of-the-art.