A spokeswoman for administrative receiver Harrisons said it was called in by the companys factoring agents, Cattles Invoice Financing, on 31 May. As PrintWeek went to press no one from Paper-Direct.com was available for comment.
The Surrey-based operation, which employs three staff, has been selling printing and laser paper for 20 years and is headed by managing director Peter Whapshott.
It established Paper-Direct.com as an online trading portal in 2000.
Paper-Direct.com suffered a double sting in Indonesia last year when letters of credit it sent to an agent called Mohammed Suhari of CV Paperindo were subsequently used to obtain over 41,500 in cash (PrintWeek, 24 August 2001).
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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration.
We are all still left unable to claim the redundancy and notice pay owed..."
"Totally agree"
"Best wishes to everyone involved. Nice to have a good story to read in Printweek."
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