Photobition's administrative receivers have announced that eight of the group's subsidiaries are in company voluntary arrangements (CVA), with another five in administration (PrintWeek, 2 November).
Arthur Andersen will also soon announce the situation regarding Photobition's results, which were due to be issued at the end of October but were put on hold when the group went into administrative receivership.
Photobition Investment, Photobition Holdings, Warren Holdings, Photobition CPL, GLG Holdings, Photobition International No 1, Photobition International No 2 and Photobition Overseas are all in CVAs.
Precision Display UK, Photobition Litho, Precision Colour Systems, Photobition Warrens and Market Tiers have all been put in administration.
Have your say in the Printweek Poll
Related stories
Latest comments
"Utilities, paper and ink but probably not transport, couriers, finisher’s for example"
"Bound to be, most likely those not key suppliers along with HMRC"
"And now watch for those reversion charges to come in thick and fast, for the slightest deviation from the mailing specification 😉😂"
Up next...
Expected to complete Q1 2025
RRD to acquire Williams Lea
Launched earlier this year
Format Graphics in world-first Agfa Jeti Bronco install
No joy finding strategic partner
Expansion fuelled CB Printforce UK collapse
Anticipated to close Q1 2025