Baulch CVA hits envelope firms

Envelope suppliers are among the unsecured creditors of Horsham-based Baulch Mailing Services being asked to accept its proposed company voluntary arrangement (CVA).

The CVA offers unsecured creditors 30p in the 1 and means that they will write off 183,811 between them. Creditors have been asked to vote on the proposals created by accountants Hurst Morrison Thomson.