The assets of Traxdata Wales have been bought out of receivership by a management team, less than a week after the company had an insolvency practitioner appointed.
The new company, Alpha Digital, was incorporated in 1997, but records at Companies House show it was a non-trading company until last week. Alpha Digital has the same registered office as Traxdata Wales.
No statement had been forthcoming as PrintWeek went to press.
Traxdata Wales made a loss of 544,400 on turnover of 15.8m in 1999.
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"I'm sure this will go down well with print supply chain vendors. What terms is it that ADM are after - 180 days is it?"
"Hello Set Off,
Unencumbered assets that weren't on the Reflections books, I believe.
Best regards,
Jo"
"Just wondering who Rapidity are buying the equipment from as there would not appear to be an administrator for the Reflection companies as yet?"
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