Baulch hit by collapse of CVA

Baulch Mailing Services CVA has failed after a disastrous few months of trading and it will go into liquidation.

Accountants Hurst Morrison Thomson, which implemented the company voluntary arrangement in April 2002 (PrintWeek, 28 March 2002), has called a creditors meeting for 11 November.

The firm had wanted to use the CVA to reschedule debt over three years, as well as write off 500,000.

Around 70 staff have been made redundant, although 10 are still employed at a separate company, Baulch Print, which shares the same premises but is not affected by the liquidation.